ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B

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
12/11/2019 | 11:30 am
-- 25.72

Current Spot Price -- 25.80
12/11/2019 | 11:30 am

Index Profile

Underlying Index	Solactive US High Dividend Low Volatility Index
Ticker symbol	SOLHDLV
CUSIP	--

About the index

The Index is calculated and distributed by Solactive AG and is intended to track the price movements of stocks which are publicly traded on US stock exchanges and fulfill certain minimum requirements in terms of liquidity and market capitalization. From this universe, the stocks with high Forward Looking Distribution Yield and low 12-Month Trailing Realized Volatility are selected (each of the preceding capitalized terms as defined in the applicable pricing supplement). The Index was launched on September 18, 2014 and, therefore, has no performance history prior to that date.

Index Historical Returns

Name	1 Month	3 Months	6 Months	1 Year	3 Years
Solactive US High Dividend Low Volatility Index	1.40%	4.15%	4.96%	9.45%	3.56%

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
Altria Group Inc.	MO	10.96
Exxon Mobil	XOM	9.91
AT&T Inc.	T	9.60
Kinder Morgan Inc	KMI	6.59
Simon Property Group	SPG	6.16
Williams Cos Inc/The	WMB	5.11
ONEOK Inc	OKE	3.94
Annaly Capital Management Inc	NLY	3.50
PPL Corp	PPL	3.49
Host Hotels & Resorts Inc	HST	3.37
Vereit Inc	VER	3.19
Vici Properties Inc	VICI	2.62
American Capital Agency Corp	AGNC	2.42
Medical Properties Trust Inc	MPW	2.34
Vornado Realty Trust	VNO	2.23
Iron Mtn Inc	IRM	2.04
Park Hotels & Resorts Inc	PK	2.04
Kimco Realty Corp	KIM	1.94
Omega Healthcare Investors Inc	OHI	1.61
Brixmor Property Group Inc	BRX	1.48
New Residential Investment Corp	NRZ	1.40
NEW YORK COMMUNITY BANCORP	NYCB	1.33
Spirit Realty Capital Inc	SRC	1.20
Gaming And Leisure Properties Inc	GLPI	1.16
Starwood Property Trust Inc	STWD	0.94
Blackstone Mortgage Trust Inc	BXMT	0.79
Two Harbors Investment Corp	TWO	0.78
Ares Capital Corp	ARCC	0.77
Chimera Investment Corp	CIM	0.74
Sabra Health Care REIT Inc	SBRA	0.73
EPR Properties	EPR	0.72
Lamar Advertising Co-a	LAMR	0.71
Weingarten Reality Investors	WRI	0.71
Physicians Realty Trust	DOC	0.63
Macquarie Infrastructure Corp	MIC	0.58
Service Properties Trust	SVC	0.56
Apple Hospitality Reit Inc	APLE	0.48
MFA Financial Inc	MFA	0.48
National Health Investors Inc	NHI	0.38
Terraform Power Inc	TERP	0.37

Source: Solactive AG, as of December 10, 2019

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, pricing or product supplement, dated as of various dates, and the prospectus dated April 29, 2016 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.

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

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