UBS Launch Diversified High Income ETN

The ETRACS Diversified High Income ETN is an exchange-traded note linked to the performance of the NYSE® Diversified High Income Index.

The NYSE® Diversified High Income Index measures the performance of a broad, diversified basket of 138 publicly-traded securities that typically pay high dividends or distributions (referred to herein as “dividends”). The Index constituents must satisfy certain dividend yield and frequency criteria, liquidity criteria and other eligibility requirements. The Index’s features and construction seek to highlight yield while the diversity of the Index constituent sectors seeks to minimize volatility.