US Municipal Securities Rulemaking Board (MSRB) G-10 Rule Disclosure

Pursuant to the Municipal Securities Rulemaking Board's (MSRB) Rule G-10, UBS is required to notify clients who transact in municipal securities with UBS Securities LLC that:

i) UBS Securities LLC is registered with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board; and

ii) An investor brochure is available on the MSRB website at www.msrb.org. This describes the protections that may be provided by the Municipal Securities Rulemaking Board rules and how to file a complaint with an appropriate regulatory authority.