KeyInvest– Important legal information

Persons accessing this KeyInvest website of UBS AG ("KeyInvest Website") and retrieving information therefrom, including posted documents ("Materials") on the KeyInvest Website, agree to the following terms and conditions as well as the disclaimer ("KeyInvest Conditions"). In addition to these KeyInvest Conditions, special agreements with regard to specific services and products of UBS AG, any affiliates and/or branches of UBS AG (hereinafter together, "UBS") will be in place; in the event of a conflict between the KeyInvest Conditions and the special agreements, the special agreements will precede. Furthermore, in addition to these KeyInvest Conditions, which are subject to change without notice by UBS, the "Terms of Use" of UBS as set forth on the bottom page of the KeyInvest Website will also apply.

Only for Residents of Switzerland

The products and services described on the KeyInvest Website are only intended for residents of Switzerland (and should not under any circumstances be accessed by US residents or persons) and may not be eligible or suitable for sale in all jurisdictions or to certain categories of investors. The products and services are not intended for persons subject to a jurisdiction that prohibits the publication of and the access to the KeyInvest Website (due to the nationality of the respective person or on any other grounds). Persons who are subject to such restrictions are prohibited from accessing the KeyInvest Website.

No Offer, Non-Binding Nature

The information and Materials available as well as the opinions expressed on the KeyInvest 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 trading in these products is considered risky. Unless specifically stated otherwise, all information, Materials as well as price information is indicative only. The Materials are based on information obtained from sources believed to be reliable but are not guaranteed as being accurate, exact, complete, appropriate or up to date. Any opinions may differ or be contrary to opinions expressed by other business areas or groups of UBS as a result of using different assumptions and criteria. The information and Materials should not be regarded by investors as a substitute for the exercise of their own judgement. The information on the KeyInvest Website shall not be construed as decision guidance for economic, financial, legal, regulatory, tax, accounting or any other issues. Investors should not make an investment decision or any other decision solely based on this information and Materials. Investors should consult qualified professionals in this regard.

The information, Materials, opinions, products and services are subject to change without notice. No representation or warranty (either express or implied) is provided in relation to the accuracy, exactness, completeness, appropriateness, actuality or reliability of the information, Materials, opinions published on the KeyInvest Website. UBS is not under any obligation to update or keep current the information, Materials and opinions as well as to remove outdated information, Materials and opinions from the KeyInvest Website or to mark them as outdated.

Performance, Influences

Past performance is not necessarily indicative of future performance. The investment value of a product may increase or decline. Foreign currency rates of exchange may adversely affect the value, price or income of any products. Therefore, UBS cannot guarantee the maintenance (or the increase in value) of the invested capital. The issuer ratings indicated in product documentations reflect the situation at the time of issuance and may be subject to changes during the lifetime of the product.

Essential Interests

UBS and/or its directors, officers, employees and clients may have or have had interests or positions in the products described on the KeyInvest Website, and may at any time make purchases and/or sales in them as principal or agent. In addition, they may act or have acted as market-maker in these products. Furthermore, UBS and/or its directors, officers, employees and clients may have or have had a relationship with or may provide or have provided investment banking and/or other services to the relevant companies. Employees of UBS may serve or have served as officers, directors, board members and/or members of the board of directors of the relevant companies.

No Liability

To the fullest extent permitted by law, in no event shall UBS or any of its directors, employees or agents have any liability whatsoever to any person for any direct or indirect loss, liability, cost, claim, expense or damage of any kind, whether in contract or in tort, including negligence, or otherwise, arising out of or related to the access to or the use of the KeyInvest Website, the use of all or part of in-formation and Materials, even if UBS has been advised of the possibility of the same.

UBS KeyInvest TrendRadar

The UBS KeyInvest TrendRadar allows the user to call up chart patterns and continuation patterns as well as trading strategies on underlying assets from various investment categories. UBS KeyInvest TrendRadar calculates target prices and signals as well as yield expectations, resistance, support and stop-loss levels (together with the patterns, information and strategies the "Trend Information") from these patterns, formations and strategies. These are then linked to compatible UBS products (the "Trend Products"). The Trend Information can be filtered according to the user’s own previous knowledge and investment preferences. The detection and calculation of Trend Information is carried out automatically on the basis of mathematical methods by BörseGo AG (an independent third party which is not related to UBS in any respect). BörseGo AG is a stock corporation established in accordance with German law, which is not subject to any prudential regulation.

The Trend Information has not been verified by UBS itself and accordingly UBS does not give any guarantee, assurance or representation regarding the completeness, appropriateness, reliability or ac-curacy of the Trend Information or the displayed selection of Trend Products. Other investment possibilities, which are not shown, may have similar or superior characteristics to the Trend Products. Moreover, the Trend Information does not represent any comprehensive description or summary of the named markets or trends. The Trend Information shown and the selection of the Trend Products may vary if the UBS KeyInvest TrendRadar is used again or over a certain period of time. UBS shall not assume any liability for loss or damage whatsoever caused by the distribution and/or use of the Trend Information.

The Trend Information and the selection of Trend Products are provided solely for informational and promotional purposes and represent neither recommendations, nor investment advice from UBS or one of its affiliated companies, and shall not be construed as a solicitation or an offer for sale or purchase, to effect any transactions or to conclude any legal act of any kind whatsoever. Before concluding a sale, purchase, transaction or any legal act of any kind whatsoever investors should seek advice from their consultants in legal, regulatory, tax, financial, economic and accounting matters to the extent it deems necessary and make their investment, hedging and trading decisions (including decisions relating to the suitability of a transaction) on the basis of their own judgement and the advice from the specialists they have sought out. The Trend Information is not published by a UBS Research department and is therefore not to be regarded as independent investment research. It should be noted that the Trend Products listed may not totally reflect the views of UBS Research. The Trend Products are tailored to the Trend Information and do not relate to the personal investment goals, the financial situation or the particular needs of a specific investor. Investment decisions should always be made in a portfolio context and taking the personal situation and relevant desired level of risk and risk-bearing capacity of a specific investor into account.

Every now and then, UBS provides users from Switzerland with so-called webinars via KeyInvest that serve to inform about the UBS KeyInvest TrendRadar. These webinars are conducted in collaboration with the BörseGo AG and are made available in part via the latter’s technical infrastructure and/or the technical infrastructure of other third-party providers independent from UBS. Notably in connection with the registration for and the use of webinars, users may be forwarded to UBS-external websites, where they have to provide data that is stored and processed outside of UBS and possibly outside their country of domicile too. Where available, please note the relevant data protection regulations. UBS assumes no responsibility whatsoever for the information on third-party websites or for the pro-cessing of the data submitted to them and any liability of UBS shall be excluded.

AWP News

All AWP news may only be used for private purposes. News or extracts thereof may not be copied, reproduced, distributed, made available to third parties or stored in any form.

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