ETRACS Quarterly Pay 1.5x Leveraged Wells Fargo BDC Index ETN

An intraday "indicative value" is used to measure the intrinsic value of each ETN and is for reference purposes only. Note: The market price (the actual trading price) of ETNs may be different from their indicative value.
Current Indicative Value
07/02/2020 | 08:00 pm
USD 24.05

Current Spot Price USD 24.01
07/02/2020 | 08:00 pm

Index Profile

Underlying Index	Wells Fargo Business Development Company Index
Ticker symbol	WFBDCPX
CUSIP	--

About the index

The Wells Fargo Business Development Company Index PR is intended to measure the performance of all business development companies listed on the New York Stock Exchange (“NYSE”), NYSE AMEX or the NASDAQ Stock Market, Inc. that satisfy specified market capitalization and other eligibility requirements. To qualify as a BDC, the company must be registered with the Securities and Exchange Commission (“SEC”) and have elected to be regulated as a BDC under the Investment Company Act of 1940 (“1940 Act”). The Index is a price return index (i.e., the reinvestment of dividends is not reflected in the value of the Index). The Index was created in January 28, 2011 and has no live performance history prior to that date.

Index Historical Returns

Name	1 Month	3 Months	6 Months	1 Year	3 Years
Wells Fargo Business Development Company Index	--	--	--	--	--

Source: UBS Investment Bank, publicly available data.

Historical information presented is furnished as a matter of information only. Historical performance of the Index is not an indication of future performance. Future performance of the Index may differ significantly from historical performance, either positively or negatively.

**Historical Returns for the ETN are calculated on the basis of intraday indicative value.

Index Historical Returns presented are based on intraday levels.

The ETRACS ETNs are subject to investor fees. As a result, the return on the ETNs will always be lower than the total return on a direct investment in the Index or the Index constituents.

Constituent Weightings

Name	Ticker symbol	% Weight
Ares Capital Corp	ARCC	10.09
Owl Rock Capital Corporation Com	ORCC	10.04
Main Street Capital Corp	MAIN	8.42
Fs Kkr Capital Corp	FSK	8.04
Golub Capital BDC Inc	GBDC	6.55
Prospect Capital Corp	PSEC	6.36
Hercules Technology Growth Capital Inc	HTGC	4.96
TPG Specialty Lending Inc	TSLX	4.79
New Mountain Finance Corp	NMFC	3.67
Solar Capital Ltd	SLRC	2.98
Apollo Investment Corp	AINV	2.73
Goldman Sachs Bdc Closed End Fund	GSBD	2.50
Fifth Street Finance Corp	OCSL	2.44
TCP Capital Corp	TCPC	2.30
Tcg Bdc Inc	CGBD	2.10
Bain Capital Specialty Finance Inc	BCSF	1.97
Crescent Capital Bdc Inc.	CCAP	1.62
Newtek Business Services Corp	NEWT	1.59
Gladstone Investment Corp	GAIN	1.47
PennantPark Floating Rate Capital Ltd	PFLT	1.44
Triplepoint Venture Growth BDC Corp	TPVG	1.40
Barings Bdc Inc	BBDC	1.18
Capital Southwest Corp	CSWC	1.01
PennantPark Investment Corp	PNNT	0.96
Fidus Investment Corp	FDUS	0.94
Gladstone Capital Corp	GLAD	0.93
BlackRock Kelso Capital Corp	BKCC	0.82
Horizon Technology Finance Corp	HRZN	0.79
Solar Senior Capital Ltd	SUNS	0.78
WhiteHorse Finance Inc	WHF	0.68
Stellus Capital Investment Corp	SCM	0.66
Fifth Street Senior Floating Rate Corp	OCSI	0.62
Monroe Capital Corp	MRCC	0.62
Saratoga Investment Corp	SAR	0.61
Qxford Square Capital Corp	OXSQ	0.60
Sutter Rock Capital Corp	SSSS	0.54
MVC Capital Inc	MVC	0.41
THL Credit Inc	TCRD	0.38

Source: Wells Fargo, as of July 02, 2020.

Constituent Weightings

Important legal information specific to ETRACS ETNs.

UBS AG has filed a registration statement (including a prospectus and supplements thereto) with the Securities and Exchange Commission, or SEC, for the offerings of securities to which this communication relates. Before you invest, you should read the applicable prospectus, along with the applicable prospectus, pricing or product supplement to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the ETRACS. The applicable offering document for each ETRACS may be obtained by clicking on the ticker symbol of each ETRACS identified above or as otherwise indicated. You may also get these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. The securities related to the offerings are not deposit liabilities and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency of the United States, Switzerland or any other jurisdiction.

The information in this section of the website may not be accessed in respect of any member state of the European Economic Area ("EEA") by persons who are retail investors. The securities referred to herein are not to be offered, sold or otherwise made available to to any retail investor in the EEA and any person who is a retail investor in the EEA should not act or rely on this information or any of its contents. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); (ii) a customer within the meaning of Directive 2002/92/EC (the "Insurance Mediation Directive"), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC (as amended, the "Prospectus Directive").

Disclaimer Business continuity (pdf)

Important legal and regulatory information:

The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. Please consult the sales restrictions relating to the products or services in question for further information. Activities with respect to US securities are conducted through UBS Securities LLC, a US broker dealer. Member of SIPC

For information as to which entity provides the services in each jursidiction click here.