ETRACS Monthly Pay 2xLeveraged Diversified High Income ETN is an exchange traded note launched by UBS AG, London Branch. The note seeks to track twice the monthly performance of the NYSE Diversified High Income Index. The Index represents the public equity and fixed income markets of countries across the globe. For the equity portion, it seeks to track companies operating across diversified sectors. The index comprises of dividend paying stocks of companies across all market capitalizations. It also comprises of business development companies, energy master limited partnerships, U.S. mortgage real estate investment trusts, U.S. real estate investment trusts, and exchange-traded funds. For the fixed income portion, the index comprises of municipal bonds and high-yield bonds. The ETN will mature on November 12, 2043. ETRACS Monthly Pay 2xLeveraged Diversified High Income ETN was formed on November 12, 2013 and is domiciled in Switzerland.