Final Terms. dated 3 September in connection with the Base Prospectus dated 12 June 2013 as supplemented from time to time

Transkript

1 Final Terms dated 3 September 2013 in connection with the Base Prospectus dated 12 June 2013 as supplemented from time to time of UBS AG, London Branch (the London branch of UBS AG) for the issue of up to 2,000,000 UBS Call Warrants ISIN CH linked to the JPY/EUR Currency Exchange Rate Option Type: European These final terms (the Final Terms ) have been prepared for the purpose of Article 5 (4) of the Prospectus Directive and provide additional information to the base prospectus dated 12 June 2013, as supplemented from time to time (the Base Prospectus, together with the Final Terms the Prospectus ) that was prepared in accordance with 6 of the German Securities Prospectus Act ( WpPG ). Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the Conditions ) set forth in the Base Prospectus. These Final Terms must be read in conjunction with the Base Prospectus and its supplement(s). Full information on the Issuer and the offer of the Securities is only available on the basis of the combination of these Final Terms and the Base Prospectus, as supplemented from time to time. However, a summary of the individual issue of the Securities is annexed to the Final Terms. The Base Prospectus, any supplement to the Base Prospectus and these Final Terms are available for viewing at or a successor address. Copies may be obtained during normal business hours at the registered offices of the Issuer. AN INVESTMENT IN THE SECURITIES DOES NOT CONSTITUTE A PARTICIPATION IN A COLLECTIVE INVESTMENT SCHEME FOR SWISS LAW PURPOSES. THEREFORE, THE SECURITIES ARE NOT SUPERVISED OR APPROVED BY THE SWISS FINANCIAL MARKET SUPERVISORY AUTHORITY FINMA ( FINMA ) AND INVESTORS MAY NOT BENEFIT FROM THE SPECIFIC INVESTOR PROTECTION PROVIDED UNDER THE SWISS FEDERAL ACT ON COLLECTIVE INVESTMENT SCHEMES.

2 2 TABLE OF CONTENTS Page OVERVIEW ON THE SECURITY STRUCTURE...3 PART A - PRODUCT TERMS... 4 Product Terms Part 1: Key Terms and Definitions of the Securities...5 Product Terms Part 2: Special Conditions of the Securities PART B - OFFERING AND SALE...16 I. Offering for Sale and Issue Price...16 II. Subscription, Purchase and Delivery of the Securities PART C - OTHER INFORMATION...17 I. Binding language...17 II. Applicable specific risks...17 III. Listing and Trading...17 IV. Commissions paid by the Issuer V. Rating VI. Consent to Use of Prospectus VII. Indication of Yield PART D - COUNTRY SPECIFIC INFORMATION PART E - INFORMATION ABOUT THE UNDERLYING...20 ANNEX TO THE FINAL TERMS: ISSUE SPECIFIC SUMMARY APPENDIX I...57

3 3 OVERVIEW ON THE SECURITY STRUCTURE UBS Call Warrants UBS Call Warrants allow investors to participate disproportionately (with leverage) in the positive development of the Underlying. Conversely, investors in UBS Call Warrants also participate disproportionately (with leverage) in the negative development of the Underlying. Investors bear the risk of the UBS Call Warrants expiring almost worthless if the Settlement Price of the Underlying, as specified in the Product Terms, is equal to or below the Strike. (a) On the Maturity Date, Securityholders receive a Redemption Amount in the Redemption Currency equal to the difference amount by which the Settlement Price of the Underlying, as specified in the Product Terms, exceeds the Strike, multiplied by the Multiplier, expressed as a decimal number, as specified in the Product Terms. (b) If the Settlement Price of the Underlying, as specified in the Product Terms, is equal to or below the Strike, the Redemption Amount will be equal to the Minimum Settlement Amount of in the Redemption Currency, as specified in the Product Terms. During their term, the UBS Call Warrants do not generate any regular income (e.g. dividends or interest).

4 4 PART A - PRODUCT TERMS Die folgenden Produktbedingungen der Wertpapiere vervollständigen und konkretisieren für die jeweiligen Wertpapiere die Allgemeinen Bedingungen für die Zwecke dieser Wertpapiere. Eine für die spezifische Emission ergänzte und konkretisierte Fassung dieser Produktbedingungen ist in den massgeblichen Endgültigen Bedingungen enthalten und ist gemeinsam mit den Allgemeinen Bedingungen zu lesen. Die Produktbedingungen sind gegliedert in Teil 1: Ausstattungsmerkmale und Definitionen der Wertpapiere Teil 2: Besondere Wertpapierbedingungen Die Produktbedingungen und die Allgemeinen Bedingungen bilden zusammen die Bedingungen der jeweiligen Wertpapiere. Bei Unstimmigkeiten zwischen diesen Produktbedingungen und den Allgemeinen Bedingungen sind diese Produktbedingungen für die Zwecke der Wertpapiere massgeblich. The following Product Terms of the Securities shall, for the relevant Securities, amend and put in concrete terms the General Conditions for the purposes of such Securities. A version of these Product Terms as amended and completed for the specific issue will be contained in the applicable Final Terms and must be read in conjunction with the General Conditions. The Product Terms are composed of Part 1: Key Terms and Definitions of the Securities Part 2: Special Conditions of the Securities Product Terms and General Conditions together constitute the Conditions of the relevant Securities. In the event of any inconsistency between these Product Terms and the General Conditions, these Product Terms shall prevail for the purposes of the Securities.

5 5 Produktbedingungen Teil 1: Ausstattungsmerkmale und Definitionen der Wertpapiere / Product Terms Part 1: Key Terms and Definitions of the Securities Die Optionsscheine weisen folgende Definitionen bzw., vorbehaltlich einer Anpassung in Übereinstimmung mit den Bedingungen, folgende Ausstattungsmerkmale, jeweils in alphabetischer Reihenfolge (bezogen auf die deutsche Sprachfassung) dargestellt, auf. Diese Übersicht stellt keine vollständige Beschreibung der Wertpapiere dar, unterliegt den Bedingungen der Wertpapiere und ist in Verbindung mit diesen zu lesen. Die nachfolgende Verwendung des Symbols * in den Ausstattungsmerkmalen und Definitionen der Optionsscheine gibt an, dass die entsprechende Festlegung von der Berechnungsstelle bzw. der Emittentin getroffen und danach unverzüglich gemäß den jeweiligen rechtlichen Anforderungen der maßgeblichen Rechtsordnung bekannt gemacht wird. / The Warrants use the following definitions and have, subject to an adjustment according to the Conditions of the Securities, the following key terms, both as described below in alphabetical order (in relation to the German language version). The following does not represent a comprehensive description of the Securities, and is subject to and should be read in conjunction with the Conditions of the Securities. The following use of the symbol * in the Key Terms and Definitions of the Securities indicates that the relevant determination will be made by the Calculation Agent or the Issuer, as the case may be, and will be published without undue delay thereafter in accordance with the applicable legal requirements of the relevant jurisdiction. A. Abrechnungskurs / Settlement Price: Der Abrechnungskurs des Basiswerts entspricht dem Quotienten aus 1 geteilt durch den Kurs des Währungswechselkurses (16:00 Uhr MEZ Fixing), wie er auf der Reuters-Seite EURJPYFIXMP=WM (oder eine diese Seite ersetzende Seite) an dem Bewertungstag um ca. 16:10 Uhr MEZ veröffentlicht wird. / The Settlement Price of the Underlying equals the quotient of 1 divided by the price of the Currency Exchange Rate (16:00 hrs CET Fixing) as published on Reuters page EURJPYFIXMP=WM (or a substitute page thereof) on the Valuation Date at approx. 16:10 hrs CET. Anwendbares Recht / Governing Law: Deutschem Recht unterliegende Wertpapiere. Sämtliche Bezugnahmen in diesen Bedingungen auf billiges Ermessen sind als Bezugnahme auf billiges Ermessen im Sinne von 315 BGB bzw. 315, 317 BGB zu lesen. / German law governed Securities. Any reference to reasonable discretion in the Conditions shall be construed as references to reasonable discretion in accordance with 315 BGB or 315, 317 BGB, as the case may be. Ausgabetag / Issue Date: Der Ausgabetag bezeichnet den 5. September / The Issue Date means 5 September Ausübungsfrist / Exercise Period: Die Ausübungsfrist beginnt und endet am Verfalltag zur Ausübungszeit. / The Exercise Period starts and ends on the Expiration Date at the Exercise Time. Ausübungszeit / Exercise Time: Die Ausübungszeit entspricht 16:00 Uhr MEZ. / The Exercise Time equals 16:00 hrs CET. Auszahlungswährung / Redemption Currency: Die Auszahlungswährung entspricht JPY. /

6 6 The Redemption Currency means JPY. B. Bankgeschäftstag / Banking Day: Der Bankgeschäftstag steht für jeden Tag, an dem die Banken in Frankfurt am Main, Bundesrepublik Deutschland, und in London, Vereinigtes Königreich, für den Geschäftsverkehr geöffnet sind, und das Clearingsystem Wertpapiergeschäfte abwickelt. / The Banking Day means each day on which the banks in Frankfurt am Main, Federal Republic of Germany, and in London, United Kingdom, are open for business, and the Clearing System settles securities dealings. Basispreis / Strike: Der Basispreis des Basiswerts entspricht: siehe Tabelle. / The Strike of the Underlying equals: see table below. Basiswährung / Underlying Currency: Die Basiswährung entspricht EUR. / The Underlying Currency means EUR. Basiswert / Underlying: Der Basiswert entspricht dem JPY/EUR Währungswechselkurs. / The Underlying equals the JPY/EUR Currency Exchange Rate. Basiswert-Berechnungstag / Underlying Calculation Date: Der Basiswert-Berechnungstag steht für jeden Tag, an dem der Massgebliche Devisenmarkt für den Handel geöffnet ist und der Kurs des Basiswerts in Übereinstimmung mit den massgeblichen Regeln bestimmt wird. / The Underlying Calculation Date means each day, on which the Relevant Exchange Market is open for trading and the Price of the Underlying is determined in accordance with the relevant rules. Beginn des öffentlichen Angebots der Wertpapiere / Start of the public offer of the Securities: Berechnungsstelle / Calculation Agent: 3. September 2013: Deutschland / 3 September 2013: Germany Die Berechnungsstelle bezeichnet UBS AG, Bahnhofstrasse 45, 8001 Zürich, Schweiz. / The Calculation Agent means UBS AG, Bahnhofstrasse 45, 8001 Zurich, Switzerland. Bewertungstag / Valuation Date: Der Bewertungstag entspricht dem Verfalltag.

7 7 Falls dieser Tag kein Basiswert-Berechnungstag für den Basiswert ist, dann gilt der unmittelbar darauf folgende Basiswert-Berechnungstag als massgeblicher Bewertungstag für den Basiswert. / The Valuation Date means the Expiration Date. If this day is not an Underlying Calculation Date in relation to the Underlying, the immediately succeeding Underlying Calculation Date is deemed to be the relevant Valuation Date in relation to the Underlying. Bewertungszeit / Valuation Time: Die Bewertungszeit entspricht 16:00 Uhr MEZ. / The Valuation Time equals 16:00 hrs MEZ. Bezugsverhältnis / Multiplier: Das Bezugsverhältnis entspricht: siehe Tabelle. / The Multiplier equals: see table below. Börsengeschäftstag / Exchange Business Day: Der Börsengeschäftstag bezeichnet jeden Tag, an dem der Massgebliche Devisenmarkt für den Handel geöffnet ist, und der Kurs des Basiswerts in Übereinstimmung mit den massgeblichen Regeln bestimmt wird. / The Exchange Business Day means each day, on which the Relevant Exchange Market is open for trading and the Price of the Underlying is determined in accordance with the relevant rules. C. Clearingsystem / Clearing System: Clearingsystem steht für SIX SIS AG, Baslerstrasse 100, CH-4600 Olten, Schweiz ( SIS ), Clearstream Banking AG, Frankfurt am Main, (Mergenthalerallee 61, Eschborn, Bundesrepublik Deutschland), Clearstream Banking S.A., Luxemburg, (42 Avenue JF Kennedy, L-1855 Luxemburg, Luxemburg) und Euroclear Bank S.A./ N.V., Brüssel, als Betreiberin des Euroclear Systems (1 Boulevard du Roi Albert IIB Brüssel, Belgien), oder jeden Nachfolger in dieser Funktion. / Clearing System means SIX SIS AG, Baslerstrasse 100, CH-4600 Olten, Switzerland ( SIS ), Clearstream Banking AG, Frankfurt am Main, (Mergenthalerallee 61, Eschborn, Federal Republic of Germany), Clearstream Banking S.A., Luxembourg (42 Avenue JF Kennedy, L-1855 Luxembourg, Luxembourg) and Euroclear Bank S.A./ N.V., Brussels, as operator of the Euroclear System (1 Boulevard du Roi Albert IIB Brussels, Belgium) or any successor in this capacity. CS-Regeln / CA Rules: CS-Regeln steht für die Vorschriften und Verfahren, die auf das Clearingsystem Anwendung finden und/oder von diesem herausgegeben werden. /

8 8 CA Rules means any regulation and operating procedure applicable to and/or issued by the Clearing System. E. Emittentin / Issuer: Die Emittentin bezeichnet die UBS AG, Bahnhofstraße 45, 8001 Zürich, Schweiz, und Aeschenvorstadt 1, 4051 Basel, Schweiz, handelnd durch ihre Niederlassung London, 1 Finsbury Avenue, London EC2M 2PP, Vereinigtes Königreich. / The Issuer means UBS AG, Bahnhofstrasse 45, 8001 Zurich, Switzerland, and Aeschenvorstadt 1, 4051 Basle, Switzerland, acting through its London Branch, 1 Finsbury Avenue, London EC2M 2PP, United Kingdom. F. Fälligkeitstag / Maturity Date: Der Fälligkeitstag entspricht (i) siehe Tabelle, und (ii) im Fall einer Kündigung durch die Emittentin nach 8 der Besonderen Wertpapierbedingungen dem fünften Bankgeschäftstag nach dem Kündigungstag. / The Maturity Date means (i) see table below, and (ii) in case of a Termination by the Issuer in accordance with 8 of the Special Conditions of the Securities, the fifth Banking Day after the Termination Date. Festlegungstag / Fixing Date: Der Festlegungstag bezeichnet den 21. August / The Fixing Date means 21 August H. Hauptzahlstelle / Fiscal Agent: Die Hauptzahlstelle bezeichnet die UBS Limited c/o UBS Deutschland AG, Bockenheimer Landstraße 2 4, Frankfurt am Main, Bundesrepublik Deutschland. / The Fiscal Agent means UBS Limited c/o UBS Deutschland AG, Bockenheimer Landstrasse 2 4, Frankfurt am Main, Federal Republic of Germany. K. Kleinste handelbare Einheit / Minimum Trading Size: Die Kleinste handelbare Einheit entspricht 1 Wertpapier(en) bzw. einem ganzzahligen Vielfachen davon. / The Minimum Trading Size equals 1 Securit(y)(ies) or an integral multiple thereof. Kündigungsbetrag / Termination Amount: Der Kündigungsbetrag entspricht einem Geldbetrag in der Auszahlungswährung, der von der Berechnungsstelle nach billigem Ermessen und unter Berücksichtigung des dann massgeblichen Kurses des Basiswerts als angemessener Marktpreis eines Wertpapiers bei Kündigung der Wertpapiere festgelegt wird. /

9 9 The Termination Amount equals an amount in the Redemption Currency, which is determined by the Calculation Agent at its reasonable discretion and considering the then prevailing Price of the Underlying as the fair market price of a Security at the occurrence of the termination of the Securities. Kurs des Basiswerts / Price of the Underlying: Der Kurs des Basiswerts entspricht dem Quotienten aus 1 geteilt durch den Kurs des Währungswechselkurses wie er auf der Reuters-Seite "EURJPY=" (oder eine diese Seite ersetzende Seite) veröffentlicht wird. / The Price of the Underlying equals the quotient of 1 divided by the price of the Currency Exchange Rate as published on Reuters page EURJPY= (or a substitute page thereof). L. Laufzeit der Wertpapiere / Term of the Securities: Die Laufzeit der Wertpapiere steht für den Zeitraum beginnend um 8:00 Uhr Ortszeit Frankfurt am Main, Bundesrepublik Deutschland, am Ausgabetag und endend am Verfalltag zur Bewertungszeit. / The Term of the Securities means the period commencing on the Issue Date at 8:00 hrs local time Frankfurt am Main, Federal Republic of Germany, and ending on the Expiration Date at the Valuation Time. M. Manager / Manager: Manager bezeichnet UBS Limited, 1 Finsbury Avenue, London EC2M 2PP, Vereinigtes Königreich. / The Manager means UBS Limited, 1 Finsbury Avenue, London EC2M 2PP, United Kingdom. Massgeblicher Devisenmarkt / Relevant Exchange Market: Der Massgebliche Devisenmarkt bezeichnet den internationalen Devisenmarkt, an dem der umsatzstärkste Handel in Bezug auf den Basiswert stattfindet. / The Relevant Exchange Market means the foreign exchange market, on which the Underlying is primarily traded. Massgebliches Land / Relevant Country: Das Massgebliche Land bezeichnet in Bezug auf eine als Basiswert verwendete Währung, sowohl (i) ein Land (oder eine Verwaltungs- oder Aufsichtsbehörde desselben), in dem eine als Basiswert verwendete Währung gesetzliches Zahlungsmittel oder offizielle Währung ist; als auch (ii) ein Land (oder eine Verwaltungs- oder Aufsichtsbehörde desselben), zu dem eine als Basiswert verwendete Währung in einer wesentlichen Beziehung steht, wobei sich die Berechnungsstelle bei ihrer Beurteilung, was als wesentlich zu betrachten ist, auf die ihrer Ansicht nach geeigneten Faktoren beziehen kann, wie von der Emittentin und der Berechnungsstelle nach Ausübung billigen Ermessens (gemäss 315 des deutschen Bürgerlichen Gesetzbuchs ( BGB ) bzw. 317 BGB) bestimmt. /

10 10 The Relevant Country means with respect to the Underlying, each of (i) any country (or any political or regulatory authority thereof) in which the currency used as the Underlying is the legal tender or currency; and (ii) any country (or any political or regulatory authority thereof) with which the currency used as the Underlying has a material connection and, in determining what is material the Calculation Agent may, without limitation, refer to such factors as it may deem appropriate, as determined by the Issuer and the Calculation Agent at their reasonable discretion (pursuant to 315 of the BGB or, as the case may be, 317 of the BGB). Massgebliche Terminbörse / Relevant Futures and Options Exchange: Die Massgebliche Terminbörse bezeichnet diejenige Terminbörse, an der der umsatzstärkste Handel in Bezug auf Termin- oder Optionskontrakte auf den Basiswert stattfindet, wie von der Berechnungsstelle bestimmt. / The Relevant Futures and Options Exchange means the futures and options exchange, on which futures and options contracts on the Underlying are primarily traded, as determined by the Calculation Agent. Massgeblicher Umrechnungskurs / Relevant Conversion Rate: Der Massgebliche Umrechnungskurs entspricht dem relevanten Kurs, wie er (i) an dem Bewertungstag oder (ii) im Fall der Kündigung durch die Emittentin, an dem Kündigungstag ( 8(1)) bzw., falls der letztgenannte Tag kein Börsengeschäftstag ist, an dem unmittelbar nachfolgenden Börsengeschäftstag, von Reuters unter ECB37, bzw. auf einer diese Seite ersetzenden Seite, veröffentlicht wird. Sollte der Massgebliche Umrechnungskurs nicht in der vorgesehenen Art und Weise festgestellt werden oder sollten voneinander abweichende Kurse veröffentlicht werden, ist die Emittentin berechtigt, als Massgeblichen Umrechnungskurs einen auf der Basis der dann geltenden Marktusance ermittelten Massgeblichen Umrechnungskurs festzulegen. / The Relevant Conversion Rate means the relevant rate, as published on (i) the Valuation Date or (ii) in case of a Termination by the Issuer, on the Termination Date ( 8(1)), or if this day is not an Exchange Business Day, on the immediately succeeding Exchange Business Day, on Reuters on page ECB37, or a substitute page thereof. If the Relevant Conversion Rate is not determined or quoted in the manner described above or if controversial rates are quoted, the Issuer shall be entitled to identify a Relevant Conversion Rate, determined on the basis of the then prevailing market customs. Mindestausübungsanzahl / Minimum Exercise Size: Die Mindestausübungsanzahl entspricht der in der nachfolgenden Tabelle genannten Anzahl von Wertpapieren oder einem ganzzahligen Vielfachen davon. / The Minimum Exercise Size equals the number of Securities as per below table or an integral multiple thereof. Minimum-Abrechnungs- Der Minimum-Abrechnungsbetrag entspricht JPY 0,001. /

11 11 betrag / Minimum Settlement Amount: The Minimum Settlement Amount equals JPY O. Optionsstil / Option Style: Der Optionsstil ist europäisch. / The Option Style is European. V. Verfalltag / Expiration Date: Der Verfalltag entspricht: siehe Tabelle. / The Expiration Date means: see table below. W. Wertpapiere / Securities: Wertpapiere (jeweils auch ein Optionsschein oder die Optionsscheine ), bezeichnet die von der Emittentin im Umfang des Ausgabevolumens begebenen UBS Call Optionsscheine mit den folgenden Produktmerkmalen: Partizipationsfaktor: Leverage Faktor: Bezugsverhältnis: Express Struktur: Schwelle, Barriere oder Level: Höchstbetrag: Massgeblicher Basiswert: Physische Lieferung: Währungsumrechnung: Kapitalschutz: Keine feste Laufzeit: Mindestausübungsanzahl: Ordentliches Kündigungsrecht der Wertpapiergläubiger: Quanto: Einzelwert-Betrachtung: Einzelbetrachtung: Kollektivbetrachtung: Nicht anwendbar Nicht anwendbar Anwendbar Nicht anwendbar Nicht anwendbar Nicht anwendbar Nicht anwendbar Nicht anwendbar Anwendbar Nicht anwendbar Nicht anwendbar Anwendbar Nicht anwendbar Nicht anwendbar Nicht anwendbar Anwendbar Nicht anwendbar Die Optionsscheine werden als Inhaberpapiere ausgegeben; die Ausstellung effektiver Wertpapiere ist ausgeschlossen. / Securities (also a Warrant or the Warrants ) means the UBS Call Warrants issued by the Issuer in the Issue Size with the following product features: Participation Factor: Leverage Factor: Multiplier: Express Structure: Thresholds, barriers or levels: Not applicable Not applicable Applicable Not applicable Not applicable

12 12 Maximum Amount: Relevant Underlying: Physical Delivery: Currency Conversion: Capital Protection: No pre-defined term: Minimum Exercise Size: Securityholders' General Termination Right: Quanto: Consideration of Components: Individual Determination: Collective Determination: Not applicable Not applicable Not applicable Applicable Not applicable Not applicable Applicable Not applicable Not applicable Not applicable Applicable Not applicable The Warrants are being issued in bearer form and will not be represented by definitive securities. Z. Zahlstelle / Paying Agent: Die Zahlstelle bezeichnet die UBS Limited c/o UBS Deutschland AG, Bockenheimer Landstraße 2 4, Frankfurt am Main, Bundesrepublik Deutschland. / The Paying Agent means UBS Limited c/o UBS Deutschland AG, Bockenheimer Landstrasse 2 4, Frankfurt am Main, Federal Republic of Germany. Zahltag bei Ausgabe / Initial Payment Date: Der Zahltag bei Ausgabe bezeichnet den 5. September / The Initial Payment Date means 5 September 2013.

13 13 ISIN Basiswert / Underlying Basiswährung / Underlying Currency Basispreis / Strike Ausgabepreis (in der Auszahlungswährung) / Issue Price (in the Redemption Currency) Verfalltag / Expiration Date Fälligkeitstag / Maturity Date Bezugsverhältnis / Multiplier Mindestausübungsanzahl / Minimum Exercise Size Ausgabevolumen (bis zu) / Issue Size (up to) CH JPY/EUR EUR : ,000,000

14 14 Produktbedingungen Teil 2: Besondere Wertpapierbedingungen 1 Optionsrecht Product Terms Part 2: Special Conditions of the Securities 1 Option Right (1) Optionsrecht der Wertpapiergläubiger (1) Option Right of the Securityholders Die Emittentin gewährt hiermit dem Wertpapiergläubiger ( 4(2)) von je einem (1) Optionsschein bezogen auf den Kurs des Basiswerts nach Massgabe dieser Bedingungen das Recht (das Optionsrecht ), den in die Auszahlungswährung umgerechneten Abrechnungsbetrag ( 1(2)), multipliziert mit dem als Dezimalzahl ausgedrückten Bezugsverhältnis und auf zwei Dezimalstellen kaufmännisch gerundet, zu erhalten (der Auszahlungsbetrag ). The Issuer hereby warrants to the Securityholder ( 4(2)) of each (1) Warrant relating to the Price of the Underlying in accordance with these Conditions that such Securityholder shall have the right (the Option Right ) to receive the Settlement Amount ( 1(2)), converted into the Redemption Currency, multiplied by the Multiplier, expressed as a decimal number, and commercially rounded to two decimal places (the Redemption Amount ). (2) Abrechnungsbetrag (2) Settlement Amount Der Abrechnungsbetrag entspricht, vorbehaltlich der Zahlung des Minimum- Abrechnungsbetrags, dem Differenzbetrag, um den der Abrechnungskurs des Basiswerts den Basispreis überschreitet, kaufmännisch auf zwei Dezimalstellen gerundet. (3) Festlegungen und Berechnungen im Zusammenhang mit dem Optionsrecht Sämtliche im Zusammenhang mit dem Optionsrecht vorzunehmenden Festlegungen und Berechnungen, insbesondere die Berechnung des Auszahlungsbetrags, erfolgen durch die Berechnungsstelle ( 12). Die insoweit von der Berechnungsstelle getroffenen Festlegungen und Berechnungen sind, ausser in Fällen offensichtlichen Irrtums, für die Emittentin und die Wertpapiergläubiger endgültig, abschliessend und bindend. The Settlement Amount equals, subject to the payment of the Minimum Settlement Amount, the difference amount by which the Settlement Price of the Underlying exceeds the Strike, commercially rounded to two decimal places. (3) Determinations and calculations in connection with the Option Right Any determinations and calculations in connection with the Option Right, in particular the calculation of the Redemption Amount, will be made by the Calculation Agent ( 12). Determinations and calculations made in this respect by the Calculation Agent shall (save in the case of manifest error) be final, conclusive and binding on the Issuer and the Securityholders. 2 Automatische Ausübung 2 Automatic Exercise (1) Automatische Ausübung (1) Automatic Exercise Die Optionsrechte werden am Verfalltag automatisch ausgeübt (der Automatische Ausübungstag ), ohne dass es der Abgabe einer Ausübungserklärung, der Übertragung der Wertpapiere oder der Erfüllung sonstiger The Option Rights are automatically exercised without requiring the submission of an exercise note, the transfer of the Securities or the fulfilment of further special preconditions (the

15 15 Voraussetzungen bedarf (die Automatische Ausübung ). Automatic Exercise ) on the Expiration Date (the Automatic Exercise Date ). 3 3 Absichtlich freigelassen Intentionally left blank

16 16 PART B - OFFERING AND SALE I. Offering for Sale and Issue Price Offering for Sale and Issue Price: The UBS Call Warrants (the Securities or, as the case may be, the Warrants, and each a Security or, as the case may be, a Warrant ) are issued by the Issuer in the Issue Size. It has been agreed that, on or after the respective Issue Date of the Securities, the Manager may purchase Warrants and shall place the Warrants for sale under terms subject to change in the Public Offer Jurisdictions (as defined in VI. Consent to Use of Prospectus below). As of the Start of the public offer of the Securities the selling price will be adjusted on a continual basis to reflect the prevailing market situation. The Manager shall be responsible for coordinating the entire Securities offering. Issue Size: The Issue Size means for each series: see preceding table. Aggregate Amount of the Issue: For each series: Issue Price x Issue Size. Issue Date: The Issue Date means 5 September Issue Price: The Issue Price equals for each series: see preceding table. Manager: The Manager means UBS Limited, 1 Finsbury Avenue, London EC2M 2PP, United Kingdom. II. Subscription, Purchase and Delivery of the Securities Subscription, Purchase and Delivery of the Securities: As of the Start of the public offer of the Securities, the Securities may be purchased from the Manager during normal banking hours. There will be no subscription period. The Issue Price per Security is payable on the Initial Payment Date. After the Initial Payment Date, the appropriate number of Securities shall be credited to the investor's account in accordance with the rules of the corresponding Clearing System. Start of the public offer of the Securities: 3 September 2013: Germany Initial Payment Date: The Initial Payment Date means 5 September 2013.

17 17 PART C - OTHER INFORMATION I. Binding language Binding language of the Risk Factors: The English language version of the Risk Factors is controlling and binding. The German language translation is provided for convenience purposes only. Binding language of the Conditions: Securities are issued on the basis of Conditions in the English language, supported by a German language translation, which is provided for convenience purposes only ( German and English Language with Binding English Language ). In this case, the version of the Conditions in the English language is controlling and binding. II. Applicable specific risks Applicable specific risks: In particular the following specific risk factors, which are described in the Base Prospectus under the heading Security specific Risks and Underlying specific Risks are applicable to the Warrants: In the case that in the definition of Securities contained in the section Product Terms of the relevant Final Terms the product feature Participation Factor", Leverage Factor or, as the case me be, Multiplier is specified to be applicable, In the case that in the definition of Securities contained in the section Product Terms of the relevant Final Terms the product feature Currency Conversion is specified to be applicable, In the case that in the definition of Securities contained in the section Product Terms of the relevant Final Terms the product feature Minimum Exercise Size is specified to be applicable, In the case that in the definition of Securities contained in the section Product Terms of the relevant Final Terms the product feature Securityholder s General Termination Right is specified to be not applicable, In case of a currency exchange rate as the Underlying or a Basket Component, as the case may be, as specified in the definition of Underlying contained in the section Product Terms of the relevant Final Terms, III. Listing and Trading Listing and Trading: The Manager intends to apply for listing of the Securities on Irish Stock Exchange. IV. Commissions paid by the Issuer

18 18 Commissions paid by the Issuer: (i) Underwriting and/or placing fee: (ii) Selling Commission: (iii) Listing Commission: (v) Other: The Issuer may grant sales and recurring commissions to distributors related to the amount/number of placed or sold Securities as indicated in (i) to (iv). Sales commissions are paid out of the issue proceeds as a one-off payment; alternatively the Issuer may grant an agio on the issue price (excl. the offering premium) to the distributor. Recurring commissions are paid regularly depending on the respective securities volume. If UBS acts as Issuer and distributor the relevant commissions are internally booked in favour of the distributing organisational unit. Not applicable Not applicable Not applicable Not applicable V. Rating Rating: The Securities have not been rated. VI. Consent to Use of Prospectus The Issuer consents to the use of this Base Prospectus in connection with a public offer of the Securities (a Public Offer ) by any financial intermediary (each an Authorised Offeror ) which is authorised to make such offers under the Markets in Financial Instruments Directive (Directive 2004/29/EC) on the following basis: (a) (b) (c) the relevant Public Offer must occur during the date of the Final Terms and as long as the Base Prospectus is valid in accordance with 9 of the German Securities Prospectus Act (Wertpapierprospektgesetz, WpPG) (the Offer Period ); the relevant Public Offer may only be made in Germany (each a Public Offer Jurisdiction ); the relevant Authorised Offeror must be authorised to make such offers in the relevant Public Offer Jurisdiction under the Markets in Financial Instruments Directive (Directive 2004/29/EC) and if any Authorised Offeror ceases to be so authorised then the above consent of the Issuer shall thereupon terminate. Authorised Offerors will provide information to investors on the terms and conditions of the Public Offer of the Securities at the time such Public Offer is made by the Authorised Offeror to the investor. VII. Indication of Yield Yield: Not applicable Method of calculating the Yield: Not applicable

19 19 PART D - COUNTRY SPECIFIC INFORMATION Additional Paying Agent(s) (if any): Not applicable Additional websites for the purposes of 14 of the Conditions: Not applicable

20 20 INFORMATION ABOUT THE UNDERLYING The following information about the Underlying comprises extracts or summaries of information publicly available. The Issuer confirms that such information has been accurately reproduced. As far as the Issuer is aware and is able to ascertain from the information published by that third party, no facts have been omitted which would render the reproduced information inaccurate or misleading. Japanese Yen/Euro Currency Exchange Rate The Japanese Yen/Euro Currency Exchange Rate indicates the relationship between the currencies Japanese Yen ( JPY ) and Euro ( EUR ). E.G = units EUR for JPY 1.00, i.e. for JPY 1.00 one has to pay EUR The Euro is the official currency of the European Monetary Union; the Japanese Yen is the official currency of Japan. Information relating to the historical performance of the Underlying is available at

21 21 ANNEX TO THE FINAL TERMS: ISSUE SPECIFIC SUMMARY This summary relates to UBS Call Warrants described in the final terms (the Final Terms") to which this summary is annexed. This summary contains that information from the summary set out in the Base Prospectus which is relevant to the Securities together with the relevant information from the Final Terms. Words and expressions defined in the Final Terms and the Base Prospectus have the same meanings in this summary. Summaries are made up of disclosure requirements known as Elements. These elements are numbered in Sections A E (A.1 E.7). This Summary contains all the Elements required to be included in a summary for this type of securities and Issuer. Because some Elements are not required to be addressed, there may be gaps in the numbering sequence of the Elements. Even though an Element may be required to be inserted in the summary because of the type of securities and Issuer, it is possible that no relevant information can be given regarding the Element. In this case a short description of the Element is included in the summary with the mention of not applicable. Certain provisions of this Summary are in brackets. Such information will be completed or, where not relevant, deleted, in relation to a particular issue of Securities, and the completed Summary in relation to such issue of Securities shall be appended to the relevant Final Terms. Element Section A Introduction and warnings A.1 Warning This summary (the Summary ) is part of a tri-partite base prospectus (the Base Prospectus or the Prospectus ) according to Art. 5 (4) of the Prospectus Directive (Directive 2003/71/EC, as amended), as implemented by the relevant provisions of the EU member states, in connection with Regulation 809/2004 of the European Commission, as amended, comprising the registration document of UBS AG dated 22 May 2013, as supplemented from time to time, (the Registration Document ) and the securities note (the Securities Note ) relating to the securities (the Securities or, as the case may be, the Warrants, and each a Security or, as the case may be, a Warrant ) to be issued. This Summary comprises a summary of the Registration Document and the Securities Note. This Summary should be read as an introduction to the Base Prospectus. Any decision to invest in the Securities should be based on consideration of the Base Prospectus as a whole by the investor. Potential investors should be aware that where a claim relating to the information contained in the Base Prospectus is brought before a court, the plaintiff investor might, under the national legislation of the respective European Economic Area member state, have to bear the costs of translating the document before the legal proceedings are initiated. UBS AG in its capacity as Issuer who is responsible for the summary including the translation thereof can be held liable, but only if the summary is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus or it does not provide, when read together with the other parts of the Base Prospectus, all required key information.

22 22 A.2 Consent to use of Prospectus The Issuer consents to the use of the Base Prospectus together with the relevant Final Terms in connection with a public offer of the Securities (a Public Offer") by any financial intermediary (each an Authorised Offeror") which is authorised to make such offers under the Markets in Financial Instruments Directive (Directive 2004/39/EC) on the following basis: (a) (b) (c) the relevant Public Offer must occur during the date of the Final Terms and as long as the Base Prospectus is valid in accordance with 9 of the German Securities Prospectus Act (Wertpapierprospektgesetz, WpPG) (the Offer Period ); the relevant Public Offer may only be made in Germany (each a Public Offer Jurisdiction ); the relevant Authorised Offeror must be authorised to make such offers in the relevant Public Offer Jurisdiction under the Markets in Financial Instruments Directive (Directive 2004/39/EC) and if any Authorised Offeror ceases to be so authorised then the above consent of the Issuer shall thereupon terminate; Authorised Offerors will provide information to investors on the terms and conditions of the Public Offer of the Securities at the time such Public Offer is made by the Authorised Offeror to the investor. Element Section B Issuer B.1 Legal and commercial name of the issuer. B.2 Domicile, legal form, legislation and country of incorporation of the issuer. The legal and commercial name of the Issuer is UBS AG ( Issuer, UBS or Bank ). UBS in its present form was created on 29 June 1998 by the merger of Union Bank of Switzerland (founded 1862) and Swiss Bank Corporation (founded 1872). UBS AG is entered in the Commercial Registers of Canton Zurich and Canton Basel-City. The registration number is CH UBS AG is incorporated and domiciled in Switzerland and operates under the Swiss Code of Obligations and Swiss Federal Banking Law as an Aktiengesellschaft, a corporation that has issued shares of common stock to investors. The addresses of UBS AG's two registered offices and principal places of business are: Bahnhofstrasse 45, CH-8001 Zurich, Switzerland, and Aeschenvorstadt1, CH-4051 Basel, Switzerland.

23 23 B.4b Trends. Trend Information ((Outlook statement as presented in UBS's first quarter 2013 report, including unaudited consolidated financial statements, issued on 30 April 2013) While market participants showed renewed interest early in the first quarter, events in Europe served as a reminder that many of the underlying challenges related to structural issues remain unsolved. The absence of further sustained and credible improvements to the eurozone sovereign debt situation, European banking system issues, ongoing geopolitical risks, and the outlook for growth in the global economy together with an increasing focus on unresolved US fiscal issues would continue to exert a strong influence on client confidence, and thus activity levels, in the second quarter of It would make further improvements in prevailing market conditions unlikely and would consequently generate headwinds for revenue growth, net interest margins and net new money. Nevertheless, UBS remains confident that its asset-gathering businesses as a whole will continue to attract net new money, reflecting its clients steadfast trust in the firm. UBS is confident that the actions it has taken will ensure the firm s long-term success and will deliver sustainable returns for its shareholders going forward. B.5 Organisational structure. B.9 Profit forecast or estimate. B.10 Qualifications in the audit report. B.12 Selected historical key financial information. UBS AG is the parent company of the UBS Group. UBS operates as a group with five business divisions (Wealth Management, Wealth Management Americas, the Investment Bank, Global Asset Management and Retail & Corporate) and a Corporate Center. Not applicable; no profit forecast or estimate is made. Not applicable; the auditor s reports on the audited historical financial information are unqualified. UBS derived the following selected consolidated financial data from its annual report 2012 containing the audited consolidated financial statements for the fiscal year ended 31 December 2012 (including comparative figures as of 31 December 2011 and 2010). UBS s consolidated financial statements were prepared in accordance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and stated in Swiss francs (CHF). As of or for the year ended CHF million, except where indicated Group results audited, except where indicated Operating income 25,443 27,788 31,994 Operating expenses 27,216 22,482 24,650 Operating profit / (loss) from continuing operations before tax Net profit / (loss) attributable to UBS shareholders (1,774) 5,307 7,345 (2,511) 4,138 7,452 Diluted earnings per share (CHF) (0.67) Key performance indicators, balance sheet and capital management, and additional information Performance Return on equity (RoE) (%) 1 (5.2)* 9.1* 18.0* Return on tangible equity (%) 2 1.6* 11.9* 24.7* Return on risk-weighted assets, gross (%) * 13.7* 15.5*

24 24 Return on assets, gross (%) 4 1.9* 2.1* 2.3* Growth Net profit growth (%) 5 N/A* (44.5)* N/A* Net new money growth (%) 6 1.6* 1.9* (0.8)* Efficiency Cost / income ratio (%) * 80.7* 76.9* Capital strength BIS tier 1 capital ratio (%) 8, * 15.9* 17.8* FINMA leverage ratio (%) 8, * 5.4* 4.5* Balance sheet and capital management Total assets 1,259,232 1,416,962 1,314,813 Equity attributable to UBS shareholders 45,895 48,530 43,728 Total book value per share (CHF) 12.25* 12.95* 11.53* Tangible book value per share (CHF) 10.52* 10.36* 8.94* BIS core tier 1 capital ratio (%) * 14.1* 15.3* BIS total capital ratio (%) * 17.2* 20.4* BIS risk-weighted assets 8 192,505* 240,962* 198,875* BIS tier 1 capital 8 40,982* 38,370* 35,323* Additional information Invested assets (CHF billion) 11 2,230 2,088 2,075* Personnel (full-time equivalents) 62,628* 64,820* 64,617* Market capitalization 54,729* 42,843* 58,803* *unaudited 1 Net profit attributable to UBS shareholders on a year-to-date basis (annualized as applicable) / average equity attributable to UBS shareholders (year-to-date basis). 2 Net profit attributable to UBS shareholders before amortization and impairment of goodwill and intangible assets / average equity attributable to UBS shareholders less average goodwill and intangible assets. 3 Operating income before credit loss (expense) or recovery on a year-to-date basis (annualized as applicable) / average risk-weighted assets (year-to-date basis). Based on Basel 2.5 risk-weighted assets for Based on Basel II risk-weighted assets for 2011 and Operating income before credit loss (expense) or recovery on a year-to-date basis (annualized as applicable) / average total assets (year-to-date basis). 5 Change in net profit attributable to UBS shareholders from continuing operations between current and comparison periods / net profit attributable to UBS shareholders from continuing operations of comparison period. Not meaningful and not included if either the reporting period or the comparison period is a loss period. 6 Net new money for the period (annualized as applicable) / invested assets at the beginning of the period. Group net new money includes net new money for Retail & Corporate and excludes interest and dividend income. 7 Operating expenses / operating income before credit loss (expense) or recovery. 8 Capital management data is disclosed in accordance with the Basel 2.5 framework for 31 December 2012 and 31 December 2011, and in accordance with the Basel II framework for 31 December BIS tier 1 capital / BIS risk-weighted assets. 10 BIS tier 1 capital / average adjusted assets as per definition by the Swiss Financial Market Supervisory Authority (FINMA). 11 In the first quarter of 2012, UBS refined the definition of invested assets. Prior periods have been restated accordingly. Group invested assets includes invested assets for Retail & Corporate. Material adverse change statement. Significant changes statement. There has been no material adverse change in the prospects of UBS AG since the date of its last published audited financial statements (as of 31 December 2012). There has been no significant change in the financial or trading position of UBS Group or UBS AG since the reporting date of UBS s first quarter 2013 report (including unaudited consolidated financial statements) for the period ended on 31 March B.13 Recent events. Not applicable, no recent events particular to the Issuer have occurred, which are to a material extent relevant to the evaluation of the Issuer's solvency. B.14 Dependence upon other entities within the group. Not applicable; the Issuer is not dependent upon other entities.

25 25 B.15 Issuer s principal activities. According to Article 2 of the Articles of Association of UBS AG ( Articles of Association ) the purpose of UBS AG is the operation of a bank. Its scope of operations extends to all types of banking, financial, advisory, trading and service activities in Switzerland and abroad. UBS operates as a group with five business divisions (Wealth Management, Wealth Management Americas, the Investment Bank, Global Asset Management and Retail & Corporate) and a Corporate Center. B.16 Controlling persons. Under the Federal Act on Stock Exchanges and Securities Trading of 24 March 1995, as amended (the Swiss Stock Exchange Act ), anyone holding shares in a company listed in Switzerland, or derivative rights related to shares of such a company, must notify the company and the SIX Swiss Exchange if the holding attains, falls below or exceeds one of the following thresholds: 3, 5, 10, 15, 20, 25, 33 1/3, 50, or 66 2/3% of the voting rights, whether they are exercisable or not. The following are the most recent notifications of holdings in UBS AG's share capital filed in accordance with the Swiss Stock Exchange Act, based on UBS AG's registered share capital at the time of the disclosure: 30 September 2011: Norges Bank (the Central Bank of Norway), 3.04%; 12 March 2010: Government of Singapore Investment Corp., 6.45%; 17 December 2009: BlackRock Inc., New York, USA, 3.45%. Voting rights may be exercised without any restrictions by shareholders entered into UBS's share register, if they expressly render a declaration of beneficial ownership according to the provisions of the Articles of Association. Special provisions exist for the registration of fiduciaries and nominees. Fiduciaries and nominees are entered in the share register with voting rights up to a total of 5% of all shares issued, if they agree to disclose upon UBS AG's request beneficial owners holding 0.3% or more of all UBS AG shares. An exception to the 5% voting limit rule exists for securities clearing organizations such as The Depository Trust Company in New York. As of 31 December 2012, the following shareholders (acting in their own name or in their capacity as nominees for other investors or beneficial owners) were registered in the share register with 3% or more of the total share capital of UBS AG: Chase Nominees Ltd., London (11.94%); Government of Singapore Investment Corp., Singapore (6.40%); the US securities clearing organization DTC (Cede & Co.) New York, The Depository Trust Company (5.28%); and Nortrust Nominees Ltd., London (3.84%).

26 26 Element Section C Securities C.1 Type and the class of the securities, security identification number. Type and Form of Securities The Securities are Warrants. The Securities will be issued in bearer form as securities within the meaning of 793 German Civil Code and will be represented on issue by one or more permanent global bearer security/ies (each a Global Security. No bearer Securities will be issued in or exchangeable into bearer definitive form, whether pursuant to the request of any Securityholder or otherwise. Each Global Security is deposited with Clearstream Banking AG ( Clearstream, Germany ), Clearstream Banking S.A. ( Clearstream, Luxembourg ) and/or Euroclear Bank S.A./ N.V. ( Euroclear ). Security identification number(s) of the Securities ISIN CH C.2 Currency of the securities. C.5 Restrictions on the free transferability of the securities. C.8 Rights attached to the securities, including ranking and limitations to those rights. For each Series of Securities: JPY (the Redemption Currency ) Each Security of a Series of Securities is transferable in accordance with applicable law and any rules and procedures for the time being of any Clearing System through whose books such Security is transferred. Governing law of the Securities Each Series of the Securities will be governed by German law ( German law governed Securities ). The legal effects of the registration of the Securities with the relevant Clearing System are governed by the laws of the jurisdiction of the Clearing System. Rights attached to the Securities The Securities provide Securityholders, at maturity or upon exercise, with a claim for payment of the Redemption Amount in the Redemption Currency. Limitation of the rights attached to the Securities Under the conditions set out in the Conditions, the Issuer is entitled to terminate the Securities and to make certains adjustments to the Conditions. Status of the Securities Each Series of the Securities will constitute direct, unsecured and unsubordinated obligations of the Issuer, ranking pari passu among themselves and with all other present and future unsecured and unsubordinated obligations of the Issuer, other than obligations preferred by mandatory provisions of law.