UBS Allows Daily Redemption For Five Of Its Exchange Traded Access Securities (E-TRACS)

UBS Investment Bank announced today that it will allow daily, instead of weekly, redemption for any holder of the following UBS E-TRACS (the “Securities”) that wishes to exercise its right of early redemption:
E-TRACS   Cusip Number   NYSE Arca Ticker Symbol
   
E-TRACS Linked to the Alerian MLP Infrastructure Index due April 2, 2040 902641646 MLPI
 
E-TRACS Linked to Alerian Natural Gas MLP Index due July 9, 2040 902641620 MLPG
 
2xMonthly Leveraged Long E-TRACS Linked to the Alerian MLP Infrastructure Index due July 9, 2040 902664200 MLPL
 
1xMonthly Short E-TRACS Linked to the Alerian MLP Infrastructure Total Return Index due October 1, 2040 902641612 MLPS
 
E-TRACS Linked to the Wells Fargo MLP Index due October 29, 2040 902664408 MLPW

The prospectus supplements relating to the Securities can be found on EDGAR, the SEC website at: www.sec.gov, as well as on the product website at www.ubs.com/e-tracs.

The contents of any website referred to in this free writing prospectus are not part of, or incorporated by reference in, this free writing prospectus. UBS has filed a registration statement (including a prospectus, as supplemented by a prospectus supplement for the offering of each of the E-TRACS) 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 prospectus and the applicable prospectus supplement by calling toll-free (+1-877-387-2275).

About UBS

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. We combine our wealth management, investment banking and asset management businesses with our Swiss operations to deliver superior financial solutions and manage CHF 2.2 trillion in invested assets.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 37% of its employees working in the Americas, 37% in Switzerland, 16% in the rest of Europe and 10% in Asia Pacific. UBS employs about 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

Copyright Business Wire 2010

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