Income Strategy ETNs

Ticker symbol	Name	Indicative value	Change	Leverage	Current Yield (annualized)	Document
/product/detail/index/ussymbol/SMHB SMHB	ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B	$ 12.00	0.00%	2.00x	13.26%**	Prospectus Supplement
/product/detail/index/ussymbol/PYPE PYPE	ETRACS Linked to the NYSE® Pickens Core Midstream Index	$ 18.12	0.00%	--	7.07%*	Prospectus Supplement
/product/detail/index/ussymbol/PFFL PFFL	ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN	$ 19.22	0.00%	2.00x	9.59%**	Prospectus Supplement
/product/detail/index/ussymbol/MVRL MVRL	ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN	$ 45.76	0.00%	1.50x	12.89%**	Prospectus Supplement
/product/detail/index/ussymbol/MLPR MLPR	ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN	$ 32.13	0.00%	1.50x	11.02%*	Prospectus Supplement
/product/detail/index/ussymbol/MLPB MLPB	ETRACS Alerian MLP Infrastructure Index ETN Series B	$ 15.45	0.00%	--	6.83%*	Prospectus Supplement
/product/detail/index/ussymbol/HDLB HDLB	ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B	15.84	0.00%	2.00x	9.02%**	Prospectus Supplement
/product/detail/index/ussymbol/CEFD CEFD	ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN	$ 32.50	0.00%	1.50x	10.24%**	Prospectus Supplement
/product/detail/index/ussymbol/BDCZ BDCZ	ETRACS Linked to the Wells Fargo Business Development Company Index ETN Series B	$ 19.50	0.00%	--	7.62%*	Prospectus Supplement
/product/detail/index/ussymbol/BDCX BDCX	ETRACS Quarterly Pay 1.5x Leveraged Wells Fargo BDC Index ETN	$ 38.49	0.00%	1.50x	12.60%*	Prospectus Supplement
/product/detail/index/ussymbol/AMUB AMUB	ETRACS Alerian MLP Index ETN Series B	$ 11.50	0.00%	--	7.24%*	Prospectus Supplement
/product/detail/index/ussymbol/AMND AMND	ETRACS Alerian Midstream Energy High Dividend Index ETN	$ 33.94	0.00%	--	7.03%*	Prospectus Supplement
/product/detail/index/ussymbol/AMNA AMNA	ETRACS Alerian Midstream Energy Index ETN	$ 32.34	0.00%	--	5.86%*	Prospectus Supplement

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* "Current Yield (annualized)" equals the most recently announced Coupon Amount, multiplied by four (to annualize such coupons), divided by the Current Indicative Value of the ETN, or, if the Current Indicative Value is not available, then the most recent closing Indicative Value, and rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the ETN. You are not guaranteed any coupon or distribution amount under the ETN.

** "Current Yield (annualized)" equals the sum of the most recently announced Coupon Amount and the two immediately preceding Coupon Amounts, multiplied by four (to annualize such coupons), divided by the Current Indicative Value of the ETN, or, if the Current Indicative Value is not available, then the most recent closing Indicative Value, and rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the ETN. You are not guaranteed any coupon or distribution amount under the ETN.

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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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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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 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").

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").