Ubs account statement (EFTA01377550)

• SECONDARY MARKET PRICES OF THE NOTES WILL LIKELY BE LOWER THAN THE ORIGINAL ISSUE PRICE OF THE NOTES - Any secondary market prices of the notes will likely be lower than the original issue price of the notes because, among other things. secondary market prices take into account our secondary market credit spreads for structured debt issuances and, also. because secondary market prices (a) exclude selling commissions and (b) may exclude projected hedging profits. if any, and estimated hedg