UBS Announces Redemption of ETRACS Long S&P 500 VIX Futures ETNs and ETRACS Daily Short S&P 500 VIX Futures ETNs

New York - 3 September 2012

UBS AG have announced that it will redeem all of the outstanding securities in each of the series set forth in the following table (collectively, the “Affected Securities”):

SecuritiesCUSIP
ETRACS Daily Short 1-Month S&P 500 VIX Futures ETN due September 6, 2041 90268A873
ETRACS Daily Short 2-Month S&P 500 VIX Futures ETN due September 6, 2041 90268A865
ETRACS Daily Short 3-Month S&P 500 VIX Futures ETN due September 6, 2041 90268A857
ETRACS Daily Short 4-Month S&P 500 VIX Futures ETN due September 6, 2041 90268A840
ETRACS Daily Short 5-Month S&P 500 VIX Futures ETN due September 6, 2041 90268A832
ETRACS Daily Short 6-Month S&P 500 VIX Futures ETN due September 6, 2041 90268A824
ETRACS 1-Month S&P 500 VIX Futures ETN due September 6, 2041 90268A204
ETRACS 2-Month S&P 500 VIX Futures ETN due September 6, 2041 90268A303
ETRACS 3-Month S&P 500 VIX Futures ETN due September 6, 2041 90268A402
ETRACS 4-Month S&P 500 VIX Futures ETN due September 6, 2041 90268A501
ETRACS 5-Month S&P 500 VIX Futures ETN due September 6, 2041 90268A600
ETRACS 6-Month S&P 500 VIX Futures ETN due September 6, 2041 90268A709

Terms used but not defined herein shall have the meanings ascribed to such terms in the Affected Securities.

The Call Settlement Date for the Affected Securities shall be September 12, 2012.

Exchange Traded Access Securities, ETRACS, are exchange-traded notes (ETNs), an innovative class of investment products offering access to markets and strategies that may not be readily available to investors, and offer unique diversification opportunities in a number of different sectors. ETNs offer:

  • Access to asset classes with historically low correlations to more traditional asset classes
  • Convenience of an exchange-traded security
  • Transparent exposure to a published index

ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on NYSE Arca, and can be bought and sold through a broker or financial advisor.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development