ETRACS Silver Shares Covered Call ETNs due April 21, 2033

ETRACS Silver Shares Covered Call ETNs due April 21, 2033 is an exchange traded note launched by UBS AG. The note seeks to track the performance of the Credit Suisse NASDAQ Silver FLOWS 106 Index. The index represents the commodity markets across the globe. It takes long and short positions to represent the iShares Silver Trust through covered call options. The ETN will mature on April 21, 2033. ETRACS Silver Shares Covered Call ETNs due April 21, 2033 was formed on April 16, 2013 and is domiciled in Switzerland.