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Important information:

This material has been prepared by UBS Switzerland AG and/or its affiliate ("UBS"). The information contained herein are provided solely for information and UBS marketing purposes. It is not to be regarded as investment research, should not be construed as an offer, recommendation or solicitation to conclude a transaction and should not be treated as giving investment advice. No part of this material, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. Save as otherwise expressly agreed, UBS is not acting as your financial adviser or fiduciary in any transaction and the information contained herein should not be regarded by recipients as a substitute for the exercise of their own judgment. It has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Prior to entering into a transaction you should consult with your own legal, regulatory, tax, financial and accounting advisers to the extent you deem necessary to make your own investment, hedging and trading decisions. UBS may pay or receive brokerage or retrocession fees in connection with the transaction/product described herein (further details available on request).

This material is not a complete statement of the markets and developments referred to herein. Some charts and/or performance figures may not be based on complete 12-month periods which may reduce their comparability and significance. Some figures may refer to past performances or simulated past performances and past performance is not a reliable indicator of future results. Some figures may be forecasts only and forecasts are not a reliable indicator of future performance. Investment decisions should always be taken in a portfolio context and make allowance for your personal situation and consequent risk appetite and risk tolerance.

Structured products do not constitute participations in collective investment schemes and thus do not require an authorisation of the Swiss Financial Market Supervisory Authority (FINMA). Therefore, Investors are not eligible for the specific investor protection under the Federal Act on Collective Investment Schemes (CISA). Structured products are complex and involve a high degree of risk. The investment instruments’ retention of value is dependent not only on the development of the value of the underlying asset, but also on the creditworthiness of the issuer (credit risk), which may change over the term the product.] The terms of any investment will be exclusively subject to the detailed provisions, including risk considerations, contained in the relevant product documentation. Such product documentation may be available upon request.

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The information and materials available as well as the opinions expressed on this website do not constitute an investment advice or recommendation, and shall not be construed as a solicitation or an offer for sale or purchase of any products, to effect any transactions or to conclude any legal act of any kind whatsoever. The information, materials and opinions are only published for personal use and information purposes. Nothing therein is based upon the consideration of the particular needs, investment objectives and financial situation of any specific investor, nor are they a complete statement of the products, services, markets or developments. The products and services are not suitable for all investors and may not be available for residents in certain jurisdictions. Unless specifically stated otherwise, all information, materials as well as price information is indicative only. The information and materials should not be regarded by investors as a substitute for the exercise of their own judgement.

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