PYPE: linked to the NYSE® Pickens Core MidstreamTM Index
MLPI: linked to the Alerian MLP Infrastructure Index
MLPB: linked to the Alerian MLP Infrastructure Index, Series B
AMNA: linked to the Alerian Midstream Energy Index
AMND: linked to the Alerian Midstream Energy Dividend Index
MLPG: linked to the Alerian Natural Gas MLP Index
MLPR: linked to the Alerian MLP Index
BDCS: linked to the Wells Fargo Business Development Company Index
BDCZ: linked to the Wells Fargo Business Development Company Index, Series B
BDCY: linked to the Wells Fargo Diversified Business Development Company Index, Series B
BDCX: linked to the Wells Fargo Business Development Company Index
SDYL: linked to the S&P High Yield Dividend Aristocrats Index
LMLB: linked to the Wells Fargo MLP Ex-Energy Index Series B
HDLB: linked to the Solactive US High Dividend Low Volatility Index Series B
SMHB: linked to the Solactive US Small Cap High Dividend Index Series B
PFFL: linked to the Solactive Preferred Stock ETF Index
CEFD: linked to the S-Network Composite Closed-End Fund Index
MVRL: linked to the Market Vectors Global Mortgage REITs Index

New York, October 5, 2020 – UBS Investment Bank today announced coupon payments for 18 ETRACS Exchange Traded Notes (the “ETNs”), all traded on the NYSE Arca.

NYSE Ticker

NYSE Ticker

ETN Name and Prospectus/
Pricing Supplement*

ETN Name and Prospectus/
Pricing Supplement*

Valuation Date

Valuation Date

Ex-
Date

Ex-
Date

Record Date

Record Date

Payment Date

Payment Date

Coupon Amount

Coupon Amount

Payment Schedule

Payment Schedule

Current Yield (annualized)

Current Yield (annualized)

NYSE Ticker

PYPE**

ETN Name and Prospectus/
Pricing Supplement*

ETRACS NYSE® Pickens Core MidstreamTM Index ETN

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.3658

Payment Schedule

Quarterly

Current Yield (annualized)

13.07%

NYSE Ticker

MLPI**

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Alerian MLP Infrastructure ETN

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.3143

Payment Schedule

Quarterly

Current Yield (annualized)

13.42%

NYSE Ticker

MLPB**

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Alerian MLP Infrastructure Index ETN Series B

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.3143

Payment Schedule

Quarterly

Current Yield (annualized)

13.42%

NYSE Ticker

AMNA**

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Alerian Midstream Energy Index ETN

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.5369

Payment Schedule

Quarterly

Current Yield (annualized)

9.91%

NYSE Ticker

AMND**

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Alerian Midstream Energy High Dividend Index ETN

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.6682

Payment Schedule

Quarterly

Current Yield (annualized)

11.76%

NYSE Ticker

MLPG**

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Alerian Natural Gas MLP Index ETN

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.3367

Payment Schedule

Quarterly

Current Yield (annualized)

14.18%

NYSE Ticker

MLPR**

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.9332

Payment Schedule

Quarterly

Current Yield (annualized)

23.00%

NYSE Ticker

BDCS**

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Wells Fargo Business Development Company Index ETN

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.3773

Payment Schedule

Quarterly

Current Yield (annualized)

10.62%

NYSE Ticker

BDCZ**

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Wells Fargo Business Development Company Index ETN Series B

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.3773

Payment Schedule

Quarterly

Current Yield (annualized)

10.62%

NYSE Ticker

BDCY**

ETN Name and Prospectus/
Pricing Supplement*

ETRACS 2x Leveraged Long Wells Fargo Diversified Business Development Company Index ETN Series B

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.4351

Payment Schedule

Quarterly

Current Yield (annualized)

23.69%

NYSE Ticker

BDCX**

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Quarterly Pay 1.5x Leveraged Wells Fargo BDC Index ETN

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$1.0490

Payment Schedule

Quarterly

Current Yield (annualized)

16.87%

NYSE Ticker

SDYL***

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Monthly Pay 2xLeveraged S&P Dividend ETN

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.5082

Payment Schedule

Monthly

Current Yield (annualized)

7.38%

NYSE Ticker

LMLB***

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN Series B

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.0213

Payment Schedule

Monthly

Current Yield (annualized)

14.32%

NYSE Ticker

HDLB***

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.0807

Payment Schedule

Monthly

Current Yield (annualized)

13.71%

NYSE Ticker

SMHB***

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.1050

Payment Schedule

Monthly

Current Yield (annualized)

18.59%

NYSE Ticker

PFFL***

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Monthly Pay 2x

Leveraged Preferred Stock ETN

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.1521

Payment Schedule

Monthly

Current Yield (annualized)

13.07%

NYSE Ticker

CEFD***

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.3022

Payment Schedule

Monthly

Current Yield (annualized)

12.43%

NYSE Ticker

MVRL***

ETN Name and Prospectus/
Pricing Supplement*

ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN

Valuation Date

9/30/2020

Ex-
Date

10/9/2020

Record Date

10/13/2020

Payment Date

10/21/2020

Coupon Amount

$0.8058

Payment Schedule

Monthly

Current Yield (annualized)

14.88%

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 prospectus, along with the applicable prospectus, pricing, or product supplement 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. UBS's strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook.

UBS is present in all major financial centers worldwide. It has offices in more than 50 regions and locations, with about 31% of its employees working in the Americas, 32% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 18% in Asia Pacific. UBS Group AG employs over 67,000 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 Dow Jones U.S. Select Dividend Index, the S&P High Yield Dividend Aristocrats Index, and the S&P MLP Index (“Indexes”) are products of S&P Dow Jones Indices LLC and have been licensed for use by UBS AG.  Copyright © 2020 S&P Dow Jones Indices LLC (“S&P DJI”), a division of S&P Global. All rights reserved. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”).  UBS’s ETRACS Exchange Traded Notes based on the Indexes are not sponsored, endorsed, marketed or sold by S&P DJI, S&P, Dow Jones, their affiliates or third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Indexes.

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.

Alerian MLP Index, Alerian MLP Infrastructure Index, Alerian Midstream Energy Index, Alerian Midstream Energy Dividend Index, AMZ, AMZI, AMNA and AEDW are trademarks of Alerian and their use is granted under a license from Alerian.

The ETRACS Monthly Pay 1.5x Leveraged 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® US Mortgage REITs Index to track the performance of the US mortgage REIT market. The ETRACS Monthly Pay 1.5x Leveraged 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® US Mortgage REITs Index to track the performance of the US mortgage REIT market.

Wells Fargo Securities, Wells Fargo, Wells Fargo Business Development Company Index, Wells Fargo Diversified Business Development Company Index and the Wells Fargo MLP Ex-Energy Index are trademarks of Wells Fargo & Company and have been licensed for use for certain purposes by UBS.  The ETRACS Exchange Traded Notes traded under the tickers BDCS, BDCX, BDCZ, BDCY and LMLB are based on indices maintained by Wells Fargo Securities, LLC and are not issued, sponsored, endorsed or advised by Wells Fargo Securities, LLC, Wells Fargo & Company or their affiliates (“Wells”) and Wells makes no representation regarding whether such Products are suitable for investors generally or the advisability of trading in such Products.  Wells does not guarantee that the Indices referenced by the Products have been accurately calculated or that the Indices appropriately represent particular investment strategies.  Wells shall not have any liability for any error in the calculation of the Indices or for any infirmity in the Products.  The Indices are calculated by third parties, including NYSE Arca, Inc., which are not affiliated with the issuer of the Products or with Wells and they do not approve, endorse, review or recommend the Indices, UBS or the Products.

NYSE Arca, Inc. (“NYSE Arca”), which acts as calculation agent for the Wells Fargo Business Development Company Index, Wells Fargo Diversified Business Development Company Index and the Wells Fargo MLP Ex-Energy Index (the “Indices”), 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 the Products.

Source ICE Data Indices, LLC, is used with permission. “NYSE®” is a service/trade mark of ICE Data Indices, LLC or its affiliates and has been licensed, along with the NYSE® Pickens Core MidstreamTM Index (“Index”) for use by UBS AG in connection with ETRACS NYSE® Pickens Core MidstreamTM Index ETN (the “Product”). Neither UBS AG nor the Product, as applicable, is sponsored, endorsed, sold or promoted by ICE Data Indices, LLC, its affiliates or its Third Party Suppliers (“ICE Data and its Suppliers”). ICE Data and its Suppliers make no representations or warranties regarding the advisability of investing in securities generally, in the Product particularly, the Trust or the ability of the Index to track general market performance. Past performance of an Index is not an indicator of or a guarantee of future results.

ICE Data and its suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any information included in, related to, or derived therefrom (“index data”). Ice data and its suppliers shall not be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices and the index data, which are provided on an “as is” basis and your use is at your own risk.

UBS specifically prohibits the redistribution or reproduction of this communication 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 2020. 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.

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Email

Institutional Investor contact1

+1-877-387 2275