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AI brief of an SEC Form 8-K · United States Natural Gas Fund, LP (UNG)

UNG cuts swap termination trigger with Société Générale to $200 million TNA

Neutral Impact 3 of 5 product/contract Written later

As of October 13, 2026, United States Natural Gas Fund, LP amended its ISDA 2002 Master Agreement with Société Générale, lowering the Total Net Assets Decline Event termination trigger from $1.5 billion to $200 million. The company says the reduced threshold reflects its performance and is intended to ensure the trigger is not hit absent a credit event.

Key points

  • Amendment dated as of October 13, 2026 to the ISDA 2002 Master Agreement originally entered into June 13, 2022
  • TNA Decline Event Additional Termination Event threshold reduced from $1.5 billion to $200 million
  • Full agreement filed as Exhibit 10.16 and incorporated by reference

The filing

CompanyUnited States Natural Gas Fund, LP (UNG)
Form8-K, current report
Filed with the SECOct 15, 2026, 4:36 PM ET
Accession number0002071876-26-000249

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 15, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.