UBS Announces Redemption of Nine ETNs

NEW YORK--()--UBS Investment Bank today 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"):

NYSE Arca

Ticker

  ETN Name and Prospectus / Pricing Supplement*   CUSIP   Call Settlement Date
FMLP  

ETRACS Wells Fargo MLP Ex-Energy ETN

  90273A108   August 16, 2016
MLPW  

ETRACS Linked to the Wells Fargo MLP Index

  902664408   August 16, 2016
RWXL  

ETRACS Monthly Pay 2xLeveraged Dow Jones International Real Estate ETN

  90268A667   August 16, 2016
DVHI  

ETRACS Diversified High Income ETN

  90267L805   August 16, 2016
HOMX  

ETRACS ISE Exclusively Homebuilders ETN

  90274P310   August 18, 2016
XVIX  

ETRACS Daily Long-Short VIX ETN

  902641596   August 18, 2016
SPGH  

ETRACS Linked to the S&P 500 Gold Hedged Index

  902641661   August 18, 2016
VQTS  

ETRACS S&P 500 VEQTOR Switch ETN

  90274D705   August 18, 2016
FBG  

UBS AG FI Enhanced Big Cap Growth ETN

  90267L508   August 18, 2016
     

* The table above provides a hyperlink to the relevant prospectus, as supplemented by a prospectus supplement or product supplement and pricing supplement, as applicable, for each of the Affected Securities, which are identified by their names.

Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the relevant prospectus and (i) prospectus supplement or (ii) product supplement and pricing supplement, as applicable, for the Affected Securities.

With respect to each series of Affected Securities, the Call Settlement Amount (or, in the case of the ETRACS Linked to the S&P 500 Gold Hedged Index (ticker: SPGH), the Redemption Amount and in the case of the UBS AG FI Enhanced Big Cap Growth ETN (ticker: FBG), the Cash Settlement Amount) payable on the Call Settlement Date will be calculated as specified in the relevant prospectus and (i) prospectus supplement or (ii) product supplement and pricing supplement, as applicable, for the Affected Securities. UBS will pay the applicable Call Settlement Amount, Redemption Amount, or Cash Settlement Amount to investors holding Affected Securities as of 5:00 p.m., New York time, on the applicable Call Settlement Date.

None of the other ETNs offered by UBS are affected by this announcement. In 2016, UBS has launched eight new ETNs.

About ETRACS

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 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. Investors are not guaranteed any coupon or distribution amount under the ETNs. We urge you to read the more detailed explanation of risks described under “Risk Factors” in the applicable prospectus supplement, or product supplement and pricing supplement, as applicable, for the ETN.

UBS AG has filed a registration statement (including a prospectus, as supplemented by a prospectus supplement or product supplement and pricing supplement, as applicable) with the Securities and Exchange Commission, or “SEC”, for the offerings of securities to which this communication relates. Before you invest, you should read the applicable prospectus, pricing or product supplement, dated as of various dates, and the prospectus dated April 29, 2016 to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the ETNs. The applicable offering document for each ETN may be obtained by clicking on the name of the relevant ETN identified above. You may also get these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. The securities related to the offerings are not deposit liabilities and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency of the United States, Switzerland or any other jurisdiction.

Index Disclaimers

The S&P 500 VEQTOR Switch Total Return Index is a product of S&P Dow Jones Indices LLC (“S&P DJI”) and has been licensed for use by UBS. S&P® and S&P 500® are registered trademarks of S&P S&P 500 VEQTOR Switch Total Return Index™ and S&P 500 VIX Futures Long/Short Switch Index™ are trademarks of S&P DJI and/or its affiliates; VIX® is a registered trademark of CBOE. These trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by UBS. The ETRACS S&P 500 VEQTOR Switch ETN is not sponsored, endorsed, sold or promoted by S&P DJI, S&P, CBOE, or any of their respective affiliates or their third party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of the ETRACS S&P 500 VEQTOR Switch ETN or any member of the public regarding the advisability of investing in securities generally or in the ETRACS S&P 500 VEQTOR Switch ETN particularly or the ability of the S&P 500 VEQTOR Switch Total Return Index to track general market performance. S&P Dow Jones Indices’ only relationship to UBS with respect to the S&P 500 VEQTOR Switch Total Return Index is the licensing of the index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices. The S&P 500 VEQTOR Switch Total Return Index is determined, composed and calculated by S&P Dow Jones Indices without regard to UBS or the ETRACS S&P 500 VEQTOR Switch ETN. S&P Dow Jones Indices has no obligation to take the needs of UBS or the owners of the ETRACS S&P 500 VEQTOR Switch ETN into consideration in determining, composing or calculating the S&P 500 VEQTOR Switch Total Return Index . S&P Dow Jones Indices is not responsible for and has not participated in the determination of the prices, and amount of the ETRACS S&P 500 VEQTOR Switch ETN or the timing of the issuance or sale of the ETRACS S&P 500 VEQTOR Switch ETN, or in the determination or calculation of the equation by which the ETRACS S&P 500 VEQTOR Switch ETN may be converted into cash, surrendered, or redeemed, as the case may be. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the ETRACS S&P 500 VEQTOR Switch ETN. There is no assurance that investment products based on the S&P 500 VEQTOR Switch Total Return Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a futures contract within the S&P 500 VEQTOR Switch Total Return Index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such contract, nor is it considered to be investment advice. Notwithstanding the foregoing, CME Group Inc. and its affiliates may independently issue and/or sponsor financial products unrelated to the ETRACS S&P 500 VEQTOR Switch ETN, but which may be similar to and competitive with the ETRACS S&P 500 VEQTOR Switch ETN. In addition, CME Group Inc. and its affiliates may trade financial products which are linked to the performance of the S&P 500 VEQTOR Switch Total Return Index . It is possible that this trading activity will affect the value of the S&P 500 VEQTOR Switch Total Return Index and the ETRACS S&P 500 VEQTOR Switch ETN.

The “S&P 500 Gold Hedged Index” is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and third party licensors, and has been licensed for use by UBS. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The trademarks have been licensed to SPDJI and have been sublicensed for use for certain purposes by UBS. The ETRACS Linked to the S&P 500 Gold Hedged Index are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, “S&P Dow Jones Indices”) or third party licensors. Neither S&P Dow Jones Indices nor its third party licensors make any representation or warranty, express or implied, to the owners of the ETRACS Linked to the S&P 500 Gold Hedged Index or any member of the public regarding the advisability of investing in securities generally or in the ETRACS Linked to the S&P 500 Gold Hedged Index particularly or the ability of the S&P 500 Gold Hedged Index to track general market performance. S&P Dow Jones Indices’ and its third party licensors’ only relationship to UBS with respect to the S&P 500 Gold Hedged Index is the licensing of the index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P 500 Gold Hedged Index is determined, composed and calculated by S&P Dow Jones Indices or its third party licensors\without regard to UBS or the ETRACS Linked to the S&P 500 Gold Hedged Index. S&P Dow Jones Indices and its third party licensors have no obligation to take the needs of UBS or the owners of the ETRACS Linked to the S&P 500 Gold Hedged Index into consideration in determining, composing or calculating the S&P 500 Gold Hedged Index. Neither S&P Dow Jones Indices nor its third party licensors are responsible for and have not participated in the determination of the prices and amount of the ETRACS Linked to the S&P 500 Gold Hedged Index or the timing of the issuance or sale of the ETRACS Linked to the S&P 500 Gold Hedged Index or in the determination or calculation of the equation by which the ETRACS Linked to the S&P 500 Gold Hedged Index are to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices and its third party licensors have no obligation or liability in connection with the administration, marketing or trading of the ETRACS Linked to the S&P 500 Gold Hedged Index. There is no assurance that investment products based on the S&P 500 Gold Hedged Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.

The “S&P 500 VIX Futures Term-Structure Index” is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and third party licensors, and has been licensed for use by UBS. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The trademarks have been licensed to SPDJI and have been sublicensed for use for certain purposes by UBS. The ETRACS Daily Long-Short VIX ETN is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, “S&P Dow Jones Indices”) or third party licensors. Neither S&P Dow Jones Indices nor its third party licensors make any representation or warranty, express or implied, to the owners of the ETRACS Daily Long-Short VIX ETN or any member of the public regarding the advisability of investing in securities generally or in the ETRACS Daily Long-Short VIX ETN particularly or the ability of the S&P 500 VIX Futures Term-Structure Index to track general market performance. S&P Dow Jones Indices’ and its third party licensors’ only relationship to UBS with respect to the S&P 500 VIX Futures Term-Structure Index is the licensing of the index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P 500 VIX Futures Term-Structure Index is determined, composed and calculated by S&P Dow Jones Indices or its third party licensors\without regard to UBS or the ETRACS Daily Long-Short VIX ETN. S&P Dow Jones Indices and its third party licensors have no obligation to take the needs of UBS or the owners of the ETRACS Daily Long-Short VIX ETN into consideration in determining, composing or calculating the S&P 500 VIX Futures Term-Structure Index. Neither S&P Dow Jones Indices nor its third party licensors are responsible for and have not participated in the determination of the prices and amount of the ETRACS Daily Long-Short VIX ETN or the timing of the issuance or sale of the ETRACS Daily Long-Short VIX ETN or in the determination or calculation of the equation by which the ETRACS Daily Long-Short VIX ETN is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices and its third party licensors have no obligation or liability in connection with the administration, marketing or trading of the ETRACS Daily Long-Short VIX ETN. There is no assurance that investment products based on the S&P 500 VIX Futures Term-Structure Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.

S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500 VEQTOR SWITCH TOTAL RETURN INDEX , THE S&P 500 GOLD HEDGED INDEX OR THE S&P 500 VIX FUTURES TERM-STRUCTURE INDEX (COLLECTIVELY, THE “S&P INDICES”) OR ANY DATA RELATED THERETO OR ANY COMMUNICATION WITH RESPECT THERETO, INCLUDING BUT NOT LIMITED TO, ORAL, WRITTEN, OR ELECTRONIC COMMUNICATIONS. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY UBS, OWNERS OF THE ETRACS S&P 500 VEQTOR SWITCH ETN, THE ETRACS S&P 500 GOLD HEDGED INDEX ETN OR THE ETRACS DAILY LONG-SHORT VIX ETN, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P INDICES OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND UBS, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

The NYSE® Diversified High Income Index is a service mark of NYSE Euronext or its affiliates (“NYSE Euronext”) and has been licensed for use by UBS AG in connection with the ETNs. The ETNs are not sponsored, endorsed, sold or promoted by NYSE Euronext. NYSE Euronext makes no representations or warranties regarding the ETNs or the ability of the NYSE® Diversified High Income Index to track the general stock market performance. NYSE EURONEXT MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE NYSE® DIVERSIFIED HIGH INCOME INDEX OR ANY DATA INCLUDED THEREIN. IN NO EVENT SHALL NYSE EURONEXT HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

The “Dow Jones Global ex-U.S. Select Real Estate Securities IndexSM” is a product of Dow Jones Indexes and marketing names and licensed trademarks of CME Indexes, and have been licensed for use. “Dow Jones®”, “Dow Jones Global ex-U.S. Select Real Estate Securities IndexSM” and “Dow Jones Indexes” are service marks of Dow Jones Trademark Holdings, LLC (“Dow Jones”) and have been licensed for use for certain purposes by UBS AG.

“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. UBS AG’s ETRACS based on the ISE High Income™ Index are not sponsored, endorsed, sold or promoted by ISE, and ISE makes no representation regarding the advisability of trading in such products. The ETRACS Diversified High Income ETN is not sponsored, endorsed, sold or promoted by ISE. ISE makes no representation or warranty, express or implied, to the owners of the ETRACS Diversified High Income ETN or any member of the public regarding the advisability of trading in the ETRACS Diversified High Income ETN. ISE’s only relationship to UBS is the licensing of certain trademarks and trade names of ISE and of the ISE High Income™ Index , which is determined, composed and calculated by ISE without regard to UBS or the ETRACS Diversified High Income ETN. ISE has no obligation to take the needs of UBS or the owners of the ETRACS Diversified High Income ETN into consideration in determining, composing or calculating the ISE High Income™ Index . ISE is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the ETRACS Diversified High Income ETN to be listed or in the determination or calculation of the equation by which the ETRACS Diversified High Income ETN is to be converted into cash. ISE has no obligation or liability in connection with the administration, marketing or trading of the ETRACS Diversified High Income ETN.

ISE DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE ISE HIGH INCOME™ INDEX OR ANY DATA INCLUDED THEREIN AND ISE SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. ISE MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY UBS, OWNERS OF THE ETRACS DIVERSIFIED HIGH INCOME ETN, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE ISE HIGH INCOME™ INDEX OR ANY DATA INCLUDED THEREIN. ISE MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE ISE HIGH INCOME™ INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL ISE HAVE ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN ISE AND UBS.

The ETRACS Wells Fargo MLP Ex-Energy ETN and the ETRACS Linked to the Wells Fargo MLP Index (collectively, the “Wells Fargo ETRACS”) are not issued, guaranteed, sponsored, endorsed, sold or promoted by Wells Fargo & Company, the Wells Fargo Securities, LLC or their subsidiaries and affiliates (collectively, “Wells Fargo”). Wells Fargo makes no representation or warranty, express or implied, to investors in the Wells Fargo ETRACS or any member of the public regarding the advisability of investing in securities generally or in the Wells Fargo ETRACS particularly or the ability of any data supplied by Wells Fargo or the Wells Fargo MLP Index or the Wells Fargo Master Limited Partnership Ex-Energy Index (collectively, the “Wells Fargo Indices”) to track financial instruments comprising such index or any trading market and no guarantee of performance of the Wells Fargo ETRACS. Wells Fargo’s only relationship to the issuer of the Wells Fargo ETRACS is the licensing of certain intellectual property rights relating to the Wells Fargo Indices as well as trademarks and trade names of Wells Fargo and of the data supplied by Wells Fargo that is determined, composed, compiled and calculated by Wells Fargo or a third party index calculator, without regard to the Wells Fargo ETRACS. Wells Fargo has no obligation to take into consideration the Wells Fargo ETRACS or investors in the Wells Fargo ETRACS when determining, composing, compiling or calculating the data. Wells Fargo has no obligation or liability in connection with the issuance, listing, registration, distribution, administration, trading or redemption or settlement by the issuer or otherwise of the Wells Fargo ETRACS. WELLS FARGO DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE WELLS FARGO INDICES OR OF ANY DATA SUPPLIED BY IT OR ANY DATA INCLUDED THEREIN AND NONE OF THEM SHALL HAVE ANY LIABILITY FOR ANY ERRORS OR OMISSIONS THEREIN. WELLS FARGO MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED BY INVESTORS OR ANY OTHER PERSON FROM THE USE OF THE WELLS FARGO INDICES OR OF ANY DATA SUPPLIED BY WELLS FARGO OR ANY DATA INCLUDED THEREIN. WELLS FARGO DISCLAIMS ALL WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, INCLUDING WITHOUT LIMITATION THE IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL WELLS FARGO HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS) (EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES) ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE WELLS FARGO INDICES OR ANY DATA CONTAINED THEREIN.

Russell Investments and UBS have entered into a non-exclusive license agreement providing for the license to UBS, and certain of its affiliated or subsidiary companies, in exchange for a fee, of the right to use the Russell 1000® Growth Index, which is owned and published by Russell Investments, in connection with the UBS AG FI Enhanced Big Cap Growth ETN.

The UBS AG FI Enhanced Big Cap Growth ETN is not sponsored, endorsed, sold or promoted by Russell Investments. Russell Investments makes no representation or warranty, express or implied, to the owners of the UBS AG FI Enhanced Big Cap Growth ETNs or any member of the public regarding the advisability of investing in securities generally or in the securities particularly or the ability of the Russell 1000® Growth Index to track general stock market performance or a segment of the same. Russell Investments’ publication of the Russell 1000® Growth Index in no way suggests or implies an opinion by Russell Investments as to the advisability of investment in any or all of the securities upon which the Russell 1000®Growth Index is based. Russell Investments’ only relationship to UBS is the licensing of certain trademarks and trade names of Russell Investments and of the Russell 1000® Growth Index, which is determined, composed and calculated by Russell Investments without regard to UBS or the securities. Russell Investments is not responsible for and has not reviewed the securities nor any associated literature or publications and Russell Investments makes no representation or warranty express or implied as to their accuracy or completeness, or otherwise. Russell Investments reserves the right, at any time and without notice, to alter, amend, terminate or in any way change the Russell 1000® Growth Index. Russell Investments has no obligation or liability in connection with the administration, marketing or trading of the securities.

RUSSELL INVESTMENTS DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE RUSSELL 1000® GROWTH INDEX OR ANY DATA INCLUDED THEREIN AND RUSSELL INVESTMENTS SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. RUSSELL INVESTMENTS MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY UBS, INVESTORS, OWNERS OF THE SECURITIES, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE RUSSELL 1000® GROWTH INDEX OR ANY DATA INCLUDED THEREIN. RUSSELL INVESTMENTS MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE RUSSELL 1000® GROWTH INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL RUSSELL INVESTMENTS HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

The “Russell 1000® Index” is a trademark of Russell Investments and has been licensed for use by UBS. The UBS AG FI Enhanced Big Cap Growth ETN is not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in the UBS AG FI Enhanced Big Cap Growth ETN.

About UBS

UBS is committed to providing wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland, with superior financial advice and solutions while generating attractive and sustainable returns for shareholders. Its strategy centers on its Wealth Management and Wealth Management Americas businesses and its leading universal bank in Switzerland, complemented by its Asset Management business and its Investment Bank. These businesses share three key characteristics: they benefit from a strong competitive position in their targeted markets, are capital-efficient, and offer a superior structural growth and profitability outlook. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates. Capital strength is the foundation of its success.

UBS is present in all major financial centers worldwide. It has offices in more than 50 countries, with about 35% of its employees working in the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle East and Africa and 12% in Asia Pacific. UBS Group AG employs about 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

This material is issued by UBS AG and/or any of its subsidiaries and/or any of its affiliates ("UBS"). Products and services mentioned in this material 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/).

UBS ETNs are sold only in conjunction with the relevant offering materials. UBS has filed a registration statement (including a prospectus, as supplemented by the applicable prospectus supplement, or product supplement and pricing supplement, for the offering of the ETNs) with the Securities and Exchange Commission (the “SEC”) for the offering 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 applicable prospectus supplement, or product supplement and pricing supplement, by calling toll-free (+1-877-387 2275). In the US, securities underwriting, trading and brokerage activities and M&A advisor activities are provided by UBS Securities LLC, a registered broker/dealer that is a wholly owned subsidiary of UBS AG, a member of the New York Stock Exchange and other principal exchanges, and a member of SIPC. UBS Financial Services Inc. is a registered broker/dealer and affiliate of UBS Securities LLC.

UBS specifically prohibits the redistribution or reproduction of this communication in whole or in part without the prior written permission of UBS and UBS accepts no liability whatsoever for the actions of third parties in this respect.

© UBS 2016. The key symbol, UBS and ETRACS are among the registered and unregistered trademarks of UBS.

Contacts

Media:
UBS
Erica Chase, +1-212-713-1302
erica.chase@ubs.com
or
Investor:
+1-877-387-2275

Contacts

Media:
UBS
Erica Chase, +1-212-713-1302
erica.chase@ubs.com
or
Investor:
+1-877-387-2275