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UBS E-TRACS Mthly Pay 2x ClosedEnd ETN (CEFL)

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The ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN due December 10, 2043 are a series of Monthly Pay 2xLeveraged Exchange Traded Access Securities (ETRACS) linked to the price return. The return on the Securities is linked to the performance of the price return version of the ISE High Incomeâ„¢ Index. The Index measures the performance of 30 U.S. closed-end funds, as selected and ranked by the Index Sponsor in accordance with the Index methodology described herein
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