PFFL Stock, UBS AG London Branch FR SP ETN REDEEM 25/09/2048 USD 25 - Ser B Information

The investment seeks to provide two times leveraged longexposure to the compounded monthly performance of the Solactive Preferred Stock ETF Index the index. The index is designed to track the price movements of an equally weighted portfolio of two exchangetraded funds ETFs that hold preferred securities of various issuers. The Securities are two times leveraged with respect to the index and as a result will benefit from two times any beneficial but will be exposed to two times any adverse compounded monthly performance of the index. The index is designed to track the price movements of an equally weighted portfolio of two exchange-traded funds (ETFs) that hold preferred securities of various issuers. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.