UBS Investment Bank today announced that all outstanding notes of the:
(i) ETRACS 2xMonthly Leveraged S&P MLP Index ETN (MLPV) due July 14, 2045 will be mandatorily redeemed in accordance with the terms of the Securities as a result of the occurrence of an Acceleration Event, triggered as a result of the intraday indicative value of the Securities being equal to or less than $5.00 on January 20, 2016, and

(ii) ETRACS 2xMonthly Leveraged Long ETN (MLPL) linked to the Alerian MLP Infrastructure Index due July 9, 2040 will be mandatorily redeemed in accordance with the terms of the Securities as a result of the occurrence of an Acceleration Event, triggered as a result of the intraday index value decreasing by more than 30% from the most recent Monthly Initial Closing Level (as defined in the prospectus supplement relating to the Securities) to below 349.81 on January 20, 2016

As disclosed in more detail in the prospectus supplement relating to the Securities, all outstanding notes will be automatically accelerated and redeemed and holders will be entitled to receive the “Acceleration Amount“ calculated in accordance with the terms of the Securities. Payment of the Acceleration Amount will be made on the Acceleration Settlement Date, which will be February 1, 2016.