UBS Declares Coupon Payments on Ten Monthly Pay ETRACS Exchange Traded Notes
DVYL: linked to the Dow Jones U.S. Select Dividend Index
SDYL: linked to the S&P High Yield Dividend Aristocrats Index
MORL: linked to the Market Vectors Global Mortgage REITs Index
DVHL: linked to the NYSE Diversified High Income Index
CEFL: linked to the ISE High Income Index
LMLP: linked to the Wells Fargo MLP Ex-Energy Index
HDLV: linked to the Solactive US High Dividend Low Volatility Index
SMHD: linked to the Solactive US Small Cap High Dividend Index
LRET: linked to the MSCI US REIT Index
MRRL: linked to the Market Vectors Global Mortgage REITs Index
UBS Investment Bank today announced coupon payments for ten ETRACS Exchange Traded Notes (the “ETNs”), all traded on the NYSE Arca.
* The table above provides a hyperlink to the relevant prospectus and supplements thereto for each of our ETRACS ETNs, which are
identified by their names. For more information on each ETRACS ETN, see "List of ETNs".
** Due to the monthly coupon payment schedule of these ETNs, “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 closing Current Indicative Value of the ETN on its current Coupon Valuation Date 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.
Note: The ETNs listed in the table pay a variable monthly coupon linked to the cash distributions, if any, on the respective
underlying index constituents, less withholding taxes, if any. Variations in the amount of monthly distributions will lead to large
variations in the Current Yield as calculated above. As such, the Current Yield for each is not indicative of future coupon
payments, if any, on these ETNs.
About ETRACS
ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on NYSE Arca, and can be bought and sold through a broker or
financial advisor. An investment in ETRACS ETNs is subject to a number of risks, including the risk of loss of some or all of
the investor’s principal, and is subject to the creditworthiness of UBS AG. Investors are not guaranteed any coupon or distribution
amount under the ETNs. We urge you to read the more detailed explanation of risks described under “Risk Factors” in the
applicable prospectus supplement, or product supplement and pricing supplement, as applicable, for the ETRACS ETN.
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 name of each ETRACS identified
above. 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.
About UBS
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private
clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions:
Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's
strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to
capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive
and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive
position in their targeted markets.
UBS is present in all major financial centers worldwide. It has offices in 54 countries, with about 34% of its employees working
in the Americas, 35% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 13% in Asia Pacific. UBS Group AG
employs approximately 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock
Exchange (NYSE).
This material is issued by UBS AG and/or any of its subsidiaries and/or any of its affiliates ("UBS"). Products and services
mentioned in this material may not be available for residents of certain jurisdictions. Past performance is not necessarily
indicative of future results. Please consult the restrictions relating to the product or service in question for further
information. Activities with respect to US securities are conducted through UBS Securities LLC, a US broker/dealer. Member of SIPC
(http://www.sipc.org/).
ETRACS ETNs are sold only in conjunction with the relevant offering materials. UBS has filed a registration statement (including
a prospectus, as supplemented by the applicable prospectus supplement, or product supplement and pricing supplement, for the
offering of the ETRACS ETNs) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication
relates. Before you invest, you should read these documents and any other documents that UBS has filed with the SEC for more
complete information about UBS and the offering to which this communication relates. You may get these documents for free by
visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the applicable prospectus supplement, or product supplement and
pricing supplement, by calling toll-free (+1-877-387 2275). In the US, securities underwriting, trading and brokerage activities
and M&A advisor activities are provided by UBS Securities LLC, a registered broker/dealer that is a wholly owned subsidiary of
UBS AG, a member of the New York Stock Exchange and other principal exchanges, and a member of SIPC. UBS Financial Services Inc. is
a registered broker/dealer and affiliate of UBS Securities LLC.
The ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN is not sponsored, endorsed, sold or promoted by Dow
Jones, CME or their respective affiliates. Dow Jones, CME and their respective affiliates make no representation or warranty,
express or implied, to the owners of the ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN or any member of the
public regarding the advisability of trading in the Product. Dow Jones’, CME’s and their respective affiliates’ only relationship
to the Licensee is the licensing of certain trademarks and trade names of Dow Jones and the Dow Jones U.S. Select Dividend Index
which are determined, composed and calculated by CME without regard to UBS AG or the ETRACS Monthly Pay 2xLeveraged Dow Jones
Select Dividend Index ETN. Dow Jones and CME have no obligation to take the needs of UBS AG or the owners of the ETRACS Monthly Pay
2xLeveraged Dow Jones Select Dividend Index ETN into consideration in determining, composing or calculating the “Dow Jones U.S.
Select Dividend IndexSM”. Dow Jones, CME and their respective affiliates are not responsible for and have not
participated in the determination of the timing of, prices at, or quantities of the ETRACS Monthly Pay 2xLeveraged Dow Jones Select
Dividend Index ETN to be sold or in the determination or calculation of the equation by which the ETRACS Monthly Pay 2xLeveraged
Dow Jones Select Dividend Index ETN is to be converted into cash. Dow Jones, CME and their respective affiliates have no obligation
or liability in connection with the administration, marketing or trading of the ETRACS Monthly Pay 2xLeveraged Dow Jones Select
Dividend Index ETN. Notwithstanding the foregoing, CME Group Inc. and its affiliates may independently issue and/or sponsor
financial products unrelated to the ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN currently being issued by
UBS AG, but which may be similar to and competitive with the ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index
ETN. In addition, CME Group Inc. and its affiliates may trade financial products which are linked to the performance of the
Dow Jones U.S. Select Dividend IndexSM. It is possible that this trading activity will affect the value of the Dow Jones
U.S. Select Dividend IndexSM or the ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN. DOW JONES, CME
AND THEIR RESPECTIVE AFFILIATES DO NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE DOW JONES U.S. SELECT DIVIDEND
INDEXSM OR ANY DATA INCLUDED THEREIN AND DOW JONES, CME AND THEIR RESPECTIVE AFFILIATES SHALL HAVE NO LIABILITY FOR ANY
ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. DOW JONES, CME AND THEIR RESPECTIVE AFFILIATES MAKE NO WARRANTY, EXPRESS OR IMPLIED,
AS TO RESULTS TO BE OBTAINED BY UBS AG, OWNERS OF THE ETRACS MONTHLY PAY 2XLEVERAGED DOW JONES SELECT DIVIDEND INDEX ETN OR ANY
OTHER PERSON OR ENTITY FROM THE USE OF THE DOW JONES U.S. SELECT DIVIDEND INDEXSM OR ANY DATA INCLUDED THEREIN. DOW
JONES, CME AND THEIR RESPECTIVE AFFILIATES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES, OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE DOW JONES U.S. SELECT DIVIDEND INDEXSM OR
ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL DOW JONES, CME OR THEIR RESPECTIVE AFFILIATES
HAVE ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES OR LOSSES, EVEN IF NOTIFIED OF THE
POSSIBILITY OF SUCH DAMAGES. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN CME AND UBS AG, OTHER
THAN THE LICENSORS OF CME.
Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. (“S&P”) and UBS AG have
entered into a non-exclusive license agreement providing for the license to UBS, and certain of its affiliates, in exchange for a
fee, of the right to use the S&P High Yield Dividend Aristocrats® Index, in connection with securities, including the ETNs. The
S&P High Yield Dividend Aristocrats® Index is owned and published by S&P. The ETNs are not sponsored, endorsed, sold or
promoted by S&P or its third party licensors. Neither S&P nor its third party licensors make any representation or
warranty, express or implied, to the owners of the ETNs or any member of the public regarding the advisability of investing in
securities generally or in the ETNs particularly or the ability of the S&P High Yield Dividend Aristocrats® Index to track
general stock market performance. S&P’s and its third party licensor’s only relationship to UBS AG is the licensing of certain
trademarks and trade names of S&P and the third party licensors and of the S&P High Yield Dividend Aristocrats® Index which
is determined, composed and calculated by S&P or its third party licensors without regard to UBS AG or the ETNs. S&P and
its third party licensors have no obligation to take the needs of UBS AG or the owners of the ETNs into consideration in
determining, composing or calculating the S&P High Yield Dividend Aristocrats® Index. Neither S&P nor its third party
licensors is responsible for and has not participated in the determination of the prices and amount of the ETNs or the timing of
the issuance or sale of the ETNs or in the determination or calculation of the equation by which the ETNs is to be converted into
cash. S&P has no obligation or liability in connection with the administration, marketing or trading of the ETNs. NEITHER
S&P, ITS AFFILIATES NOR THEIR THIRD PARTY LICENSORS GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE S&P
HIGH YIELD DIVIDEND ARISTOCRATS® INDEX OR ANY DATA INCLUDED THEREIN OR ANY COMMUNICATIONS, INCLUDING BUT NOT LIMITED TO, ORAL OR
WRITTEN COMMUNICATIONS (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P, ITS AFFILIATES AND THEIR THIRD PARTY
LICENSORS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS OR DELAYS THEREIN. S&P MAKES NO EXPRESS OR
IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH
RESPECT TO THE MARKS, THE S&P HIGH YIELD DIVIDEND ARISTOCRATS® INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE
FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P, ITS AFFILIATES OR THEIR THIRD PARTY LICENSORS BE LIABLE FOR ANY INDIRECT, SPECIAL,
INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR
GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY OR
OTHERWISE.
The ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (“ETN”) is not sponsored, endorsed, sold or promoted by Market Vectors
Index Solutions GmbH (“Licensor”) and Licensor makes no representation or warranty, express or implied, to the owners of the ETN or
any member of the public regarding the advisability of investing in securities generally or in the ETN particularly or the ability
of the Market Vectors® Global Mortgage REITs Index to track the performance of the mortgage REIT market.
Market Vectors® Global Mortgage REITs Index (the “Index”) is the exclusive property of Market Vectors Index Solutions GmbH,
which has contracted with Structured Solutions AG to maintain and calculate the Index. Structured Solutions AG uses its best
efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Market Vectors Index
Solutions GmbH, Structured Solutions AG has no obligation to point out errors in the Index to third parties including but not
limited to investors and/or financial intermediaries of the financial instrument. The ETN is not sponsored, promoted, sold or
supported in any other manner by Structured Solutions AG nor does Structured Solutions AG offer any express or implicit guarantee
or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any
other respect. Neither publication of the Index by Structured Solutions AG nor the licensing of the Index or Index trade mark for
the purpose of use in connection with the financial instrument constitutes a recommendation by Structured Solutions AG to invest
capital in said financial instrument nor does it in any way represent an assurance or opinion of Structured Solutions AG with
regard to any investment in this financial instrument. Structured Solutions AG is not responsible for fulfilling the legal
requirements concerning the accuracy and completeness of the financial instrument’s prospectus.
The ETN is not sponsored, endorsed, sold or promoted by Van Eck Associates Corporation (“Van Eck”). Van Eck makes no
representation or warranty, express or implied, nor accepts any responsibility, regarding the accuracy or completeness of this
Informational Material, or the advisability of investing in securities or financial instruments, or in the ETN.
VAN ECK AND ITS AFFILIATES DO NOT GUARANTEE THE ACCURACY AND/OR COMPLETENESS OF THE INDEX OF ANY DATA INCLUDED THEREIN AND SHALL
NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS, AND MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE
OBTAINED BY OWNERS OF, ETN, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE ETN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO
EVENT SHALL VAN ECK OR ANY OF ITS AFFILIATES HAVE ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR
CONSEQUENTIAL DAMAGES OR LOSSES, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF.
The NYSE® Diversified High Income Index is a service mark of NYSE Euronext or its affiliates (“NYSE Euronext”) and has been
licensed for use by UBS AG in connection with the ETNs. The ETNs are not sponsored, endorsed, sold or promoted by NYSE Euronext.
NYSE Euronext makes no representations or warranties regarding the ETNs or the ability of the Index to track the general stock
market performance.
NYSE EURONEXT MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR
FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. IN NO EVENT SHALL NYSE EURONEXT HAVE ANY
LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE
POSSIBILITY OF SUCH DAMAGES.
“ISE High Income™”, “ISE™®” and “International Securities Exchange®” are trademarks of International Securities Exchange, LLC
and have been licensed for use for certain purposes by UBS Securities LLC and its affiliates. UBS AG’s ETRACS based on the ISE High
Income™ Index are not sponsored, endorsed, sold or promoted by ISE, and ISE makes no representation regarding the advisability of
trading in such products.
The Securities are not sponsored, endorsed, sold or promoted by ISE. ISE makes no representation or warranty, express or
implied, to the owners of the Securities or any member of the public regarding the advisability of trading in the Securities. ISE’s
only relationship to UBS is the licensing of certain trademarks and trade names of ISE and of the Index, which is determined,
composed and calculated by ISE without regard to UBS or the Securities. ISE has no obligation to take the needs of UBS or the
owners of the Securities into consideration in determining, composing or calculating the Index. ISE is not responsible for and has
not participated in the determination of the timing of, prices at, or quantities of the Securities to be listed or in the
determination or calculation of the equation by which the Securities are to be converted into cash. ISE has no obligation or
liability in connection with the administration, marketing or trading of the Securities.
ISE DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN AND ISE SHALL HAVE
NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. ISE MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE
OBTAINED BY UBS, OWNERS OF THE SECURITIES, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR ANY DATA INCLUDED THEREIN.
ISE MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR
PURPOSE OR USE WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL ISE
HAVE ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF
NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN ISE
AND UBS.
Wells Fargo Securities, Wells Fargo Securities, LLC, Wells Fargo, and Wells Fargo® Master Limited Partnership Ex-Energy Index
are trademarks of Wells Fargo® & Company and have been licensed for use by UBS AG. This product is not issued, sponsored,
endorsed, sold or promoted by Wells Fargo & Company or its affiliates and Wells Fargo & Company makes no representation
regarding the advisability of investing in this product. Wells Fargo & Company does not guarantee that the Index referenced by
the product has been accurately calculated and shall not have any liability for any error in the calculation.
NYSE Arca, Inc. (“NYSE Arca”), which acts as calculation agent for the Wells Fargo Master Limited Partnership Ex-Energy Index
(the “Index”), is not affiliated with UBS AG, Wells Fargo & Company or Wells Fargo Securities, LLC (together, “Wells Fargo”)
and does not approve, endorse, review or recommend this Product.
ETRACS Wells Fargo® MLP Ex-Energy ETN and ETRACS Monthly Pay 2xLeveraged Wells Fargo® MLP Ex-Energy ETN are based on the Index,
and the value of such Index is derived from sources deemed reliable, but NYSE Arca and its suppliers do not guarantee the
correctness or completeness of the Index, its values or other information furnished in connection with the Index.
NEITHER WELLS FARGO NOR NYSE ARCA MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED BY ANY PERSON OR
ENTITY FROM THE USE OF THE INDEX, TRADING BASED ON THE INDEX, OR ANY DATA INCLUDED THEREIN IN CONNECTION WITH THE TRADING OF THE
ETRACS WELLS FARGO MLP EX-ENERGY ETN OR ETRACS MONTHLY PAY 2xLEVERAGED WELLS FARGO® MLP EX-ENERGY ETN , OR FOR ANY OTHER USE.
The ETRACS Wells Fargo® MLP Ex-Energy ETN and ETRACS Monthly Pay 2x Leveraged Wells Fargo MLP Ex-Energy ETN are not issued,
guaranteed, sponsored, or advised by Wells Fargo & Company, Wells Fargo Securities, LLC or their subsidiaries and affiliates
(collectively, "Wells Fargo"). Wells Fargo makes no representation or warranty, express or implied, to investors in the ETRACS ETNs
or any member of the public regarding the advisability of investing in securities generally or in the ETRACS Wells Fargo® MLP
Ex-Energy ETN or ETRACS Monthly Pay 2X Leveraged Wells Fargo MLP Ex –Energy ETN particularly or the ability of any data supplied by
Wells Fargo or any Index to track financial instruments comprising the Index or any trading market and no guarantee of performance
of the ETRACS Wells Fargo® MLP Ex-Energy ETN or ETRACS Monthly Pay 2X Leveraged Wells Fargo MLP Ex –Energy ETN. Wells Fargo &
Company does not guarantee that the Index referenced by the ETRACS ETNs has been accurately calculated and shall not have any
liability for any error in the calculation. Wells Fargo’s only relationship to UBS AG is the licensing of certain intellectual
property rights relating to the Index as well as trademarks and trade names of Wells Fargo and of the data supplied by Wells Fargo
that is determined, composed, compiled and calculated by Wells Fargo or a third party index calculator, without regard to ETRACS
Wells Fargo® MLP Ex-Energy ETN or ETRACS Monthly Pay 2X Leveraged Wells Fargo MLP Ex –Energy ETN. Wells Fargo has no obligation to
take into consideration the ETRACS Wells Fargo® MLP Ex-Energy ETN or ETRACS Monthly Pay 2X Leveraged Wells Fargo MLP Ex –Energy ETN
or investors in the ETRACS ETNs when determining, composing, compiling or calculating the data. Wells Fargo has no obligation or
liability in connection with the issuance, listing, registration, distribution, administration, trading or redemption or settlement
by the issuer or otherwise of the ETRACS Wells Fargo® MLP Ex-Energy ETN or ETRACS Monthly Pay 2X Leveraged Wells Fargo MLP Ex
–Energy ETN.
WELLS FARGO DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE INDEX OR OF ANY DATA SUPPLIED BY IT OR ANY DATA
INCLUDED THEREIN. WELLS FARGO MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY UBS AG AND THE ETRACS WELLS
FARGO MLP EX-ENERGY ETN OR ETRACS MONTHLY PAY 2X LEVERAGED WELLS FARGO MLP EX-ENERGY ETN OR ANY OTHER PERSON OR ENTITY FROM THE USE
OF INDEX OR OF THE DATA SUPPLIED BY WELLS FARGO OR ANY DATA INCLUDED THEREIN. WELLS FARGO MAKES NO EXPRESS OR IMPLIED WARRANTIES,
AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE INDEX AND
THE DATA SUPPLIED BY WELLS FARGO OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL WELLS FARGO
HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE
POSSIBILITY OF SUCH DAMAGES.
The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG
offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark
or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses
its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG
has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial
intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or
Index trade mark for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to
invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to
any investment in this financial instrument.
The “Dow Jones Global ex-U.S. Select Real Estate Securities IndexSM” and the “Dow Jones U.S. Select Dividend IndexSM” are
products of Dow Jones Indexes and marketing names and licensed trademarks of CME Indexes, and have been licensed for use. “Dow
Jones®”, “Dow Jones Global ex-U.S. Select Real Estate Securities IndexSM”, “Dow Jones U.S. Select Dividend IndexSM” and “Dow Jones
Indexes” are service marks of Dow Jones Trademark Holdings, LLC (“Dow Jones”) and have been licensed for use for certain purposes
by UBS AG. “S&P®”, “Standard & Poor’s®”, “S&P 500®”, “S&P 500® Dividend Aristocrats®” and “Dividend
Aristocrats®” are trademarks of Standard & Poor’s Financial Services LLC and have been licensed for use by UBS. The Securities
are not sponsored, endorsed, sold or promoted by S&P and S&P makes no representation regarding the advisability of
investing in the Securities.
The MSCI information may only be used for your internal use, may not be reproduced or re-disseminated in any form and may not be
used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to
constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be
relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance
analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the
entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to
compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties
(including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement,
merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in
no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including,
without limitation, lost profits) or any other damages. The product(s) referred to herein is not sponsored, endorsed, issued, sold
or promoted by MSCI.
UBS specifically prohibits the redistribution or reproduction of this material in whole or in part without the prior written
permission of UBS and UBS accepts no liability whatsoever for the actions of third parties in this respect.
© UBS 2016. The key symbol, UBS and ETRACS are among the registered and unregistered trademarks of UBS. Other marks may be
trademarks of their respective owners. All rights reserved.
Media
UBS
Erica Chase, +1-212-713-1302
erica.chase@ubs.com
or
Investors
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