UBS plans exchange-traded notes linked to commodities indexes

New York, April 1 - UBS AG plans to sell new exchange-traded notes linked to a variety of commodity indexes.

The bank will sell the structured products under the name E-Tracs, short for Exchange-Traded Access Securities, according to a series of 8-A12B filings with the Securities and Exchange Commission.

Each offering will be sold in $25 denominations and mature in 2038.

At maturity, the notes will pay the performance on the underlying index less an annual fee of 65 basis points.

Holders can redeem the securities early, subject to a minimum $2.5 million principal amount.

The notes will be listed on the NYSE Arca.

Underlying indexes for the offerings will be:

• The UBS Bloomberg Constant Maturity Commodity Index Total Return index;

• The UBS Bloomberg CMCI Agriculture Total Return index;

• The UBS Bloomberg CMCI Energy Total Return index;

• The UBS Bloomberg CMCI Food Total Return index;

• The UBS Bloomberg CMCI Gold Total Return index;

• The UBS Bloomberg CMCI Industrial Metals Total Return index;

• The UBS Bloomberg CMCI Livestock Total Return index; and

• The UBS Bloomberg CMCI Silver Total Return index.

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