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
01/31/2023 | 07:00 pm
-- 14.98

Current Spot Price -- 14.94
01/31/2023 | 04:10 pm

Index Profile

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

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	5.29%	5.61%	-0.09%	-1.04%	-6.28%

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.

Index Historical Returns are calculated on the basis of intraday index levels or closing index levels where relevant.

Constituent Weightings

Name	Ticker symbol	% Weight
AT&T Inc.	T	10.37
Verizon Communications Inc.	VZ	10.18
IBM	IBM	8.17
Philip Morris International	PM	6.58
Dominion Resources Inc	D	5.11
Altria Group Inc.	MO	4.90
Truist Financial Corporation	TFC	4.73
3M	MMM	4.55
DOW INC	DOW	3.83
Kinder Morgan Inc	KMI	3.80
Walgreen Boots Alliance	WBA	3.76
Realty Income Corp	O	3.57
Williams Cos Inc/The	WMB	2.95
Vici Properties Inc	VICI	2.68
Prudential Financial Inc	PRU	2.65
INTL PAPER	IP	1.75
Edison International	EIX	1.73
Boston Properties	BXP	1.69
Store Capital Corp	STOR	1.56
Cubesmart	CUBE	1.45
Kimco Realty Corp	KIM	1.41
Healthpeak Properties Inc	PEAK	1.38
WP Carey Inc.	WPC	1.12
Life Storage Inc	LSI	0.97
Gaming And Leisure Properties Inc	GLPI	0.92
Pinnacle West Capital Corp	PNW	0.89
Fidelity National Financial Inc	FNF	0.82
Brixmor Property Group Inc	BRX	0.74
Ares Capital Corp	ARCC	0.70
Starwood Property Trust Inc	STWD	0.69
National Retail Properties	NNN	0.63
Blackstone Mortgage Trust Inc	BXMT	0.61
Apartment Income Reit Co	AIRC	0.51
Cousins Properties Inc	CUZ	0.46
Dt Midstream Inc	DTM	0.45
Spirit Realty Capital Inc 6 % Cum Conv Red Perp Pfd Registered Shs (A) Aktie	SRC	0.43
Owl Rock Capital Corporation Com	ORCC	0.38
Brookfield Renewable Corp	BEPC	0.31
Fs Kkr Capital Corp	FSK	0.29
First Interstate Bancsys-a	FIBK	0.26

Source: Solactive AG, as of January 31, 2023

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 prospectus, along with the applicable prospectus 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 prospectus supplement for each ETRACS may be viewed by clicking on the ticker symbol of each ETRACS identified above. You may also view any of 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

Important legal and regulatory information:

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The information in this section of the website may not be accessed in respect of the United Kingdom by persons who are retail investors. The securities referred to herein are not to be offered, sold or otherwise made available to any retail investor in the United Kingdom and any person who is a retail investor in the United Kingdom 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: a retail client as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "EUWA"); (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (the "FSMA") and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of the Prospectus Regulation as it forms part of domestic law by virtue of the EUWA ("UK Prospectus Regulation").