The materials on this website have been approved by UBS AG, Jersey Branch. They are for your information only and are not intended as an offer, or a solicitation of an offer, to buy or sell any investment or other specific product.

UBS AG, Jersey Branch is authorised and regulated by the Jersey Financial Services Commission for the conduct of banking, funds and investment business. UBS AG, Jersey Branch ("UBS Jersey") is a branch of UBS (a public company limited by shares, incorporated in Switzerland whose registered offices are at Aeschenvorstadt 1, CH-4051, Basel and Bahnhofstrasse 45, Ch-8098 Zurich) ("UBS") with its principal place of business in Jersey at 1 IFC St Helier, Jersey JE2 3BX. UBS Trustees (Jersey) Ltd is authorised and regulated by the Jersey Financial Services Commission for the conduct of funds and trust business with its principal place of business at 1 IFC, St Helier, Jersey JE2 3BX.

Although all information and opinions expressed on this website have been 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. All information and opinions as well as any prices indicated are subject to change without notice and the asset classes, the asset allocation and the investment instruments are only indicative. At any time UBS and other companies in the UBS group (or employees thereof) may have a long or short position, or deal as principal or agent, in relevant securities or provide advisory or other services to the issuer of relevant securities or to a company connected with an issuer.

Certain services and products are subject to legal provisions and cannot therefore be offered worldwide on an unrestricted basis. UBS Jersey will provide you with restricted advice regarding a selection of products from a limited number of companies that in UBS's opinion are suitable for the needs of UBS's client base. As a restricted firm the products UBS Jersey has selected and provides advice on do not include all products available in the market that may be suitable for its client base. UBS does not provide tax advice. Where services are provided to you in Jersey, you should note that any protections which may be provided or afforded to you outside Jersey may not be available. Where services are provided to you outside Jersey, you should note that any protections which may be provided or afforded to you in Jersey may not be available.

Some investments may not be readily realisable since the market in the securities is illiquid and therefore valuing the investment and identifying the risk to which you are exposed may be difficult to quantify. Futures and options trading as well as alternative investments (including commodities) are considered risky. We should point out that with regard to any investments, values and the income from them may fall as well as rise and that exchange rates may have a similar effect. Some investments may be subject to sudden and large falls in value and on realisation you may receive back less than you invested or may be required to pay more. Changes in FX rates may have an adverse effect on the price, value or income of an investment.

Full Terms and Conditions are available to you upon request.

Should you have any questions, please contact your UBS client advisor. Telephone calls may be recorded.