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 licensorswithout 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 licensorswithout 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.
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