ETRACS Linked to the NYSE® Pickens Core Midstream Index

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
03/20/2023 | 01:52 pm
USD 20.12

Current Spot Price USD 19.93
03/17/2023 | 04:10 pm

Index Profile

Underlying Index	NYSE® Pickens Core Midstream Index
Ticker symbol	NYPYPE

About the index

The NYSE® Pickens Core Midstream™ Index measures the performance of the common stock of corporations and units of MLPs which are intended to represent U.S. midstream energy fundamentals, agnostic of entity structure. The Index is calculated by the Index Sponsor using a modified free-float market capitalization weighted methodology. The Index constituents are intended to reflect pure (core) midstream energy exposure, with the aim of getting as close as possible, using publicly traded instruments, to the underlying assets and operating results of the core midstream sector, and limiting the potential effect of financial engineering via General Partners and Incentive Distribution Rights. As of August 1, 2018, there were 29 Index constituents. The Index was launched on July 2, 2018 and has no performance history prior to that date.

Index Historical Returns

Name	1 Month	3 Months	6 Months	1 Year	3 Years
NYSE® Pickens Core Midstream Index	-6.45%	-3.02%	-5.12%	0.81%	142.37%

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
Energy Transfer Partners LP	ETP	8.83
Kinder Morgan Inc	KMI	7.43
Enterprise Products Partners LP	EPD	7.25
Magellan Midstream Partners LP	MMP	7.04
ONEOK Inc	OKE	7.02
Targa Resources Corp	TRGP	5.53
Williams Companies Inc	WMB	5.48
PLAINS ALL AMERICAN PIPELINE LP	PAA	5.33
MPLX LP	MPLX	4.99
Buckeye Partners LP	BPL	3.24

Source: NYSE as of August 10, 2018.

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.

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