Where products or services are provided from outside the UK, they will not be covered by the UK regulatory regime or the Financial Services Compensation Scheme. In accordance with regulatory requirements, we must point out that with regard to any investments mentioned, the value of an investment and the income from it can fall as well as rise (as a result of market and currency fluctuations) and you may not get back the amount originally invested. Changes in FX rates may have an adverse effect on the price, value or income of an investment. Values may fall as well as rise. Past performance is not a reliable indicator of future results. Tax information is provided based upon our understanding of current tax legislation and applicable rates. These may change in the future and they may not apply to your individual circumstances. UBS does not give legal or tax advice and you should consult your independent legal, tax and other professional advisers for specific advice, including before entering into or refraining from entering into any investment. In the United Kingdom, alternative investment funds that have not been authorised or approved by the regulator are classified as unregulated collective investment schemes. Such funds have their own specific risks and marketing them to Private Clients is prohibited unless an exemption applies. Any financing proposals included in this document are indicative only and subject to the credit approval process of UBS Switzerland AG, due diligence and documentation and do not therefore represent a commitment to lend on terms or structures outlined herein. UBS Switzerland AG or its associates may have long or short positions in one or more of the investments described herein. UBS Switzerland AG provides restricted advice on retail investment products which is based on the products issued by a limited number of companies which we have carefully selected and assessed as suitable for our clients' needs. UBS Switzerland AG may also provide restricted advice in respect of packaged products such as life contracts, pensions and regulated collective investment schemes. For structured products, neither the principal amount nor any return due through the form of a coupon, based on the performance of the Underlying Indices is assured in the event of early redemption by the investor. Investors should take note of any additional restrictions imposed on the certificate holders during the life of the security as detailed in the term sheet. Where an attachment is a third party document, please be aware that it has been drafted without any input from UBS Switzerland AG. The document is intended for the sole purpose of information and is not intended as an offer, or a solicitation of an offer to make any investment. Although all information expressed was obtained from sources believed to be reliable and in good faith, no representation or warranty, express or implied, is made as to its accuracy or completeness.