ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B is an exchange-traded note issued by UBS that seeks to deliver two times the monthly compounded performance of the Solactive US High Dividend Low Volatility Index, before fees and financing costs. The product is designed around U.S. large-cap stocks selected for relatively high dividend characteristics and lower volatility, combining leveraged equity exposure with a monthly coupon feature tied to the index constituents’ cash distributions. It is structured for investors looking for a rules-based way to access a diversified basket of income-oriented U.S. companies through a single note. The ETN is part of the ETRACS lineup of income-focused leveraged products and uses a monthly reset methodology, which makes its returns closely linked to both market movements and distribution patterns in the underlying index.