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LONDON -- UBS AG ("UBS") notes the market speculation suggesting that UBS acted as a counterparty to the sale by Telefonica S.
The UBS E-TRACS ETNs are not sponsored, endorsed, sold or promoted by S&P and S&P makes no representation regarding the advisability of investing in the UBS E-TRACS ETNs.
Headquartered in Zurich and Basel, Switzerland, UBS is one of the world's leading financial firms.
Lipson concluded, "The situation PPM finds itself in is just the latest in a string of events involving UBS that we believe have negatively affected PPM and its shareholders.
UBS AG has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.
A copy of the prospectus can be obtained by contacting UBS Global Asset Management at 800-647 1568.
UBS Pactual is a leading financial services firm in Latin America, offering tailored products and services to corporate, institutional and private clients.
PIN Cross has been very effective, but the selective nature of this internal pool did exclude certain sources of crossing opportunities," added Will Sterling, Global Head of Direct Execution at UBS.
UBS E-TRACs are senior unsecured notes issued by UBS AG, and can be bought and sold through a broker or financial advisor.
3 million that were made during 2001 pursuant to swap agreements indexed to Enron's common stock and forward contracts in which UBS had agreed to sell and Enron had agreed to buy Enron stock.
Prior to joining UBS, Greg Jones served as Senior Vice President, Executive & Diversity Recruiting at Bank of America.
As a result, investment performance (the stated return, over a block of time, of a portfolio) and investor performance (the return an investor actually earns over that period) can be quite different, according to the research conducted by UBS Global Asset Management.
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