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UBS Announces Redemption of Seven ETRACS ETNs

  UBS Announces Redemption of Seven ETRACS ETNs

Business Wire

NEW YORK -- May 20, 2013

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

Securities                                                         CUSIP
ETRACS DJ-UBS Commodity Index 2-4-6 Blended Futures ETN due        90267L201
April 30, 2042
ETRACS Monthly 2x Leveraged ISE Cloud Computing TR Index ETN due   90267E330
October 4, 2041
Exchange Traded Access Securities (E-TRACS) Short Platinum —
Linked to the Inverse Performance of the UBS Bloomberg CMCI        902641729
Platinum Excess Return due 2018
ETRACS Next Generation Internet ETN due July 19, 2041              90268A774
ETRACS Monthly 2x Leveraged Next Generation Internet ETN due       90268A659
July 19, 2041
ETRACS ISE Solid State Drive Index ETN due September 13, 2041      90268A758
ETRACS Monthly 2x Leveraged ISE Solid State Drive Index ETN due    90268A741
September 13, 2041

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 June 6, 2013.

With respect to each series of Affected Securities, the amount payable on the
Call Settlement Date will be calculated as specified in each of the Affected
Securities. UBS AG will pay investors holding Affected Securities as of 5:00
p.m., New York time, on June 6, 2013, the applicable call settlement amount.

About ETRACS

For further information about ETRACS ETNs, go to http://www.etracs.com.

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. An
investment in ETRACS ETNs is subject to a number of risks, including the risk
of loss of some or all of the investor’s principal, and is subject to the
creditworthiness of UBS AG. We urge you to read the more detailed explanation
of risks described under “Risk Factors” in the prospectus supplement for the
ETRACS ETN.

This material is issued by UBS AG or an affiliate thereof ("UBS"). Products
and services mentioned in this publication may not be available for residents
of certain jurisdictions. Past performance is not necessarily indicative of
future results. Please consult the restrictions relating to the product or
service in question for further information. Activities with respect to US
securities are conducted through UBS Securities LLC, a US broker/dealer.
Member of SIPC (http://www.sipc.org/).

The contents of any website referred to in this communication are not part of,
or incorporated by reference in, this communication. UBS has filed a
registration statement (including a prospectus, as supplemented by a
prospectus supplement for the offerings of the ETRACS ETNs) with the
Securities and Exchange Commission (the “SEC”) for the offerings to which this
communication relates. Before you invest, you should read these documents and
any other documents that UBS has filed with the SEC for more complete
information about UBS and the offering to which this communication relates.
You may get these documents for free by visiting EDGAR on the SEC website at
www.sec.gov. Alternatively, you can request the prospectus and the applicable
prospectus supplement by calling toll-free (+1-877-387-2275).

© UBS 2013. The key symbol, UBS and ETRACS are among the registered and
unregistered trademarks of UBS. “ISE Solid State Drive Index™”, ”ISE Cloud
Computing™ Total Return Index”, “ISE™®” and “International Securities
Exchange®” are trademarks of International Securities Exchange, LLC and have
been licensed for use for certain purposes by UBS Securities LLC and its
affiliates. The Dow Jones-UBS Commodity Indexes^SM are a joint product of DJI
OPCO, LLC, a subsidiary of S&P Dow Jones Indices LLC, and UBS Securities LLC,
and have been licensed for use. “Dow Jones®”, “DJ”, “UBS”, “Dow Jones-UBS
Commodity Index 2-4-6 Forward Blend Total Return^SM”, “Dow Jones-UBS Commodity
Index 2 Month Forward^SM”, “Dow Jones-UBS Commodity Index 4 Month Forward^SM”,
“Dow Jones-UBS Commodity Index 6 Month Forward^SM”, “Dow Jones-UBS Commodity
Index^SM” and “DJ-UBS CI” are trademarks or service marks of Dow Jones
Trademark Holdings, LLC and UBS AG, as the case may be. ”UBS Bloomberg
Constant Maturity Commodity Index” and “CMCI” are service marks of UBS and/or
Bloomberg. Patent Pending. UBS assumes sole responsibility for this material,
which has not been reviewed by Bloomberg. S&P is a registered trademark of
Standard & Poor’s Financial Services LLC. Other marks may be trademarks of
their respective owners. All rights reserved.

Notes to Editors

About UBS

Headquartered in Zurich and Basel, Switzerland, UBS is a client-focused
financial services firm that offers a combination of wealth management, asset
management and investment banking services on a global and regional basis. By
delivering a full range of advice, products and services to its private,
corporate and institutional clients, UBS aims to generate sustainable
earnings, create value for its shareholders, and become the choice of clients
worldwide.

UBS is present in all major financial centers worldwide. It has offices in
over 50 countries, with about 36% of its employees working in the Americas,
35% in Switzerland, 17% in the rest of Europe and 12% in Asia Pacific. UBS
employs about 62,000 people around the world. Its shares are listed on the SIX
Swiss Exchange and the New York Stock Exchange (NYSE).

More information at the site of the bank: www.ubs.com

www.ubs.com/media

Contact:

UBS AG
Media Enquiries
Megan Stinson, 212-713-1302
or
New York:
Judi Flynn-Echeverria, 917-902-9726
 
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