ETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B

ETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B is an exchange traded note launched by UBS AG, London Branch. The note seeks to track twice the monthly performance of the S&P MLP Index. The index represents the public equity markets. It comprises of MLPs and LLPs operating in the energy and the gas utilities sectors. The index represents the MLPs across all market capitalizations with market capitalizations of at least $250 million. The ETN will mature on February 12, 2046. ETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B was formed on February 8, 2016 and is domiciled in Switzerland.