Leverage Strategy ETNs

Ticker symbol	Name	Indicative value	Change	Leverage	Current Yield (annualized)	Document
/product/detail/index/ussymbol/CEFD CEFD	ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN	$ 18.86	-0.18%	1.50x	16.31%**	Prospectus Supplement
/product/detail/index/ussymbol/MLPR MLPR	ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN	$ 40.15	+0.34%	1.50x	11.53%*	Prospectus Supplement
/product/detail/index/ussymbol/MVRL MVRL	ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN	$ 16.93	+2.82%	1.50x	22.97%**	Prospectus Supplement
/product/detail/index/ussymbol/BDCX BDCX	ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN	$ 27.16	+1.48%	1.50x	17.48%*	Prospectus Supplement
/product/detail/index/ussymbol/HDLB HDLB	ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B	$ 11.61	+3.40%	2.00x	12.94%**	Prospectus Supplement
/product/detail/index/ussymbol/IWML IWML	ETRACS 2x Leveraged US Size Factor TR ETN	$ 14.60	+2.64%	2.00x	--	Prospectus Supplement
/product/detail/index/ussymbol/USML USML	ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN	$ 26.14	+2.24%	2.00x	--	Prospectus Supplement
/product/detail/index/ussymbol/SCDL SCDL	ETRACS 2x Leveraged US Dividend Factor TR ETN	$ 29.36	+3.03%	2.00x	--	Prospectus Supplement
/product/detail/index/ussymbol/IWFL IWFL	ETRACS 2x Leveraged US Growth Factor TR ETN	$ 18.98	+0.51%	2.00x	--	Prospectus Supplement
/product/detail/index/ussymbol/IWDL IWDL	ETRACS 2x Leveraged US Value Factor TR ETN	$ 25.84	+2.67%	2.00x	--	Prospectus Supplement
/product/detail/index/ussymbol/MTUL MTUL	ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN	$ 14.23	+3.86%	2.00x	--	Prospectus Supplement
/product/detail/index/ussymbol/SMHB SMHB	ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B	$ 5.10	+3.07%	2.00x	24.38%**	Prospectus Supplement
/product/detail/index/ussymbol/PFFL PFFL	ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN	$ 9.65	-2.54%	2.00x	16.05%**	Prospectus Supplement
/product/detail/index/ussymbol/FEDL FEDL	ETRACS 2x Leveraged IFED Invest with the Fed TR Index ETN	$ 24.95	+2.59%	2.00x	--	Prospectus Supplement
/product/detail/index/ussymbol/ESUS ESUS	ETRACS 2x Leveraged MSCI USA ESG Focus TR ETN	$ 16.90	+1.50%	2.00x	--	Prospectus Supplement
/product/detail/index/ussymbol/QULL QULL	ETRACS 2x Leveraged MSCI US Quality Factor TR ETN	$ 24.07	+1.50%	2.00x	--	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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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").