-

UBS and Wealthfront mutually agree to terminate merger agreement

UBS to purchase a USD 69.7 million note convertible into Wealthfront shares
UBS remains committed to its growth plans in the US and strengthening its digital offering

NEW YORK--(BUSINESS WIRE)--UBS and Wealthfront have mutually agreed to terminate their merger agreement, initially announced 26 January 2022, under which Wealthfront was to be acquired by UBS Americas Inc.

UBS will purchase a USD 69.7 million note convertible into Wealthfront shares.

UBS remains committed to its growth plans in the US and will continue the build-out of its digital wealth management offering. 

Contacts

UBS Americas Inc.
Investor Relations:
Americas: +1-212-882 5734
Switzerland: +41-44-234 41 00

Media Relations:
Americas: +1-212-713 1302
Switzerland: +41-44-234 85 00
UK: +44-207-567 47 14
APAC: +852-297-1 82 00

www.ubs.com/media

Industry:

UBS

NYSE:UBS
Details
Headquarters: Zurich, Switzerland
CEO: Sergio Ermotti
Employees: 72,000
Organization: PUB
Release Versions
English

Contacts

UBS Americas Inc.
Investor Relations:
Americas: +1-212-882 5734
Switzerland: +41-44-234 41 00

Media Relations:
Americas: +1-212-713 1302
Switzerland: +41-44-234 85 00
UK: +44-207-567 47 14
APAC: +852-297-1 82 00

www.ubs.com/media

More News From UBS

UBS declares coupon payments on 8 ETRACS Exchange Traded Notes

NEW YORK--(BUSINESS WIRE)--UBS Investment Bank today announced coupon payments for 5 ETRACS Exchange Traded Notes traded on the NYSE Arca and expected coupon payments for 3 ETRACS Exchange Traded Notes traded on NASDAQ (together, the “ETNs”). NYSE Ticker   ETN Name and Prospectus Supplementa   Coupon Valuation Date   Ex-Date   Record Date   Payment Date   Coupon Amount   Payment Schedule   Current Yield (annualized) b HDLB   ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Ser...

UBS Declares Quarterly Coupon Payment on Exchange Traded Note: AMUB

NEW YORK--(BUSINESS WIRE)--UBS Investment Bank today announced the coupon payment for the ETRACS Alerian MLP Index ETN Series B (NYSE Arca: “AMUB”), traded on the NYSE Arca. NYSE Ticker ETN Name and Prospectus Supplement* Coupon Valuation Date Ex- Date Record Date Payment Date Coupon Amount Payment Schedule Current Yield (annualized)** AMUB ETRACS Alerian MLP Index ETN Series B 2/17/26 3/2/26 3/2/26 3/10/26 $0.3202 Quarterly 5.95% * The table above provides a hyperlink to the relevant prospectu...

UBS Declares Coupon Payments on 8 ETRACS Exchange Traded Notes

NEW YORK--(BUSINESS WIRE)--UBS Investment Bank today announced coupon payments for 5 ETRACS Exchange Traded Notes traded on the NYSE Arca and expected coupon payments for 3 ETRACS Exchange Traded Notes traded on NASDAQ (together, the “ETNs”). NYSE Ticker ETN Name and Prospectus Supplementa   Coupon Valuation Date   Ex-Date   Record Date   Payment Date   Coupon Amount   Payment Schedule   Current Yield (annualized) b HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series...
Back to Newsroom