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ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN is an exchange traded note launched by UBS AG, London Branch. The note seeks to track 1.5x the monthly performance of the S-Network Composite Closed-End Fund Index. The index represents the public equity markets of the United States. It represents closed-ended funds that invest in stocks of companies operating across diversified sectors. The index comprises of funds that invest in stocks of companies across all market capitalizations. The ETN will mature on June 10, 2050. ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN was formed on June 2, 2020 and is domiciled in the United States.