UBS Declares Coupon Payments On 5 Monthly Pay ETRACS ETNs

ubs1UBS Investment Bank today announced coupon payments for five ETRACS exchange-traded notes (the “ETNs”), all traded on the NYSE Arca. The relevant coupon information is provided in the table below:

“Dow Jones Global ex-U.S. Select Real Estate Securities IndexSM”

NYSE
Ticker
ETN
Name
Valuation
Date
Ex-
Date
Record
Date
Payment
Date
Coupon
Amount
Payment
Schedule
Current Yield
(annualized)
RWXL* ETRACS Monthly
Pay 2xLeveraged
Dow Jones
International Real
Estate ETN
10/30/13 11/7/13 11/12/13 11/20/13 $0.1120 Monthly 4.27%
DVYL* ETRACS Monthly
Pay 2xLeveraged
Dow Jones Select
Dividend Index ETN
10/30/13 11/7/13 11/12/13 11/20/13 $0.0982 Monthly 6.51%
SDYL* ETRACS Monthly
Pay 2xLeveraged
S&P Dividend ETN
10/30/13 11/7/13 11/12/13 11/20/13 $0.1518 Monthly 4.92%
MORL* ETRACS Monthly
Pay 2xLeveraged
Mortgage REIT ETN
10/30/13 11/7/13 11/12/13 11/20/13 $0.1643 Monthly 21.97%
DVHI** ETRACS Diversified
High Income ETN
10/30/13 11/7/13 11/12/13 11/20/13 $0.0837 Monthly 3.97%

* Due to the monthly coupon payment schedule of these ETNs, “Current Yield (annualized)” equals the sum of the most recently announced Coupon Amount and the two immediately preceding Coupon Amounts, multiplied by four (to annualize such coupons), divided by the closing price of the ETN on its current Coupon Valuation Date, or, if the closing price is not available on that date, then the previous available closing price, and rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the ETN. You are not guaranteed any coupon or distribution amount under the ETN.

** DVHI launched on September 19, 2013. Its “Current Yield (annualized)” equals the current Coupon Amount, multiplied by twelve (to annualize such coupon), divided by the closing price of the ETN on its current Coupon Valuation Date, or, if the closing price is not available on that date, then the previous available closing price, and rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the ETN. You are not guaranteed any coupon or distribution amount under the ETN.

Note: RWXL, DVYL, SDYL and MORL pay a variable monthly coupon linked to 2 times the cash distributions, if any, on the respective underlying index constituents, less withholding taxes, if any. DVHI pays a variable monthly coupon linked to the cash distributions, if any, on the underlying index constituents, less withholding taxes, if any. Variations in the amount of monthly distributions will lead to large variations in the Current Yield as calculated above. As such, the Current Yield for each is not indicative of future coupon payments, if any, on these ETNs.

About ETRACS

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

ETRACS ETNs are exchange-traded notes, 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. ETRACS ETNs may 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. You 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 prospectus supplement, or product supplement and applicable pricing supplement, for the ETRACS ETN.

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