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A watermark shows when printing to PDF using PDF-XChange
A watermark shows when printing to PDF using PDF-XChange 4.0
A watermark shows when you print to PDF using the default PDF-XChange virtual driver from Print Preview because it only allows conversion to PDF from the Convert menu.
Printing to PDF from PDF XChange 4.0
Print>PDF-XChange 4.0> Print
PDF output that shows PDF-XChange watermark.
Using Microsoft Print to PDF as a workaround
A workaround is to use Microsoft Print to PDF that comes with Windows 10 when printing to PDF.
Alternative Method
Printing to PDF doesn’t have to be from the Print Preview screen only. You can print from the Print menu itself but must use Microsoft Print to PDF.
File> Print>Print>Microsoft Print to PDF