Agreements and disclosures addendum

We have updated certain account agreements and disclosures; although they may not directly affect your relationship with us today, we are required to notify you when we make changes to them.

Highlights

– Important changes to the UBS FDIC-Insured Deposit Program

Why this is important The language in this Addendum modifies and supersedes any corresponding language in the firm‘s Agreements and Disclosures booklet and any other new account disclosures you received previously from UBS.

We provide updated versions of the Agreements and Disclosures and other new account disclosures only if there are material changes to the information they contain. Please keep this Addendum for your reference as it contains information that may pertain to services you elect to receive in the future.

For more information Call ResourceLine, our interactive voice response telephone unit, 24 hours a day, 7 days a week at 800-762-1000, Option ”0” in the US Outside the US, call ResourceLine collect at 201-352-5257.

TTY services: Call 844-612-0986. Outside the US, call 201-352-1495. 1 of 4 Intentionally Left Blank

2 of 4 Effective August 16, 2021

Important changes to the Bank Priority Lists for the UBS FDIC-Insured Deposit Program As part of the UBS FDIC-Insured Deposit Program (the “program”), your cash balances in an eligible UBS account are swept to deposit accounts at ten Federal Deposit Insurance Corporation (FDIC)-insured institutions, providing up to $2.49 million in FDIC insurance (subject to FDIC rules). This notice is to make you aware of changes to Bank Priority Lists.

What is changing Effective August 16, 2021, the Bank Priority Lists were updated. This may or may not affect the Priority List for your region. Revised Bank Priority Lists are included for your reference and, as of the effective date, is available at ubs.com/sweepyields. This version of the Bank Priority Lists will supersede any previous versions and is subject to change at any time.

What is not changing You will continue to be eligible for up to $2.49 million in FDIC insurance. For additional information on the program, please refer to the UBS FDIC-Insured Deposit Program Disclosure Statement, which describes how the program works, eligibility requirements, FDIC insurance and your relationship with UBS and the program banks. A copy is available on ubs.com/sweepyields.

How the UBS FDIC-Insured deposit program works Available cash deposits in eligible UBS accounts are swept daily to deposit accounts at the first program bank in the Priority List up to a $249,000 maximum. Any additional cash balances in the account are then swept to deposit accounts at the next program bank on the Bank Priority List, continuing through the remaining program banks until all available cash balances are deposited up to $2.49 million. If the account has any available cash balances after $2.49 million has been deposited at program banks, those cash balances will sweep without limit to deposit accounts at UBS Bank USA. Please note that deposit balances at UBS Bank USA in excess of $250,000 are not FDIC insured.

Bank Priority Lists

Effective August 16, 2021 The Bank Priority Lists for the UBS FDIC-Insured Deposit Program are below for your reference. Please review this information carefully and retain for your records.

Your Bank Priority List is determined by the address of record on your account. For all states except California, simply identify the Bank Priority List for your state. For California, you will need to refer to the zip code of the address of record on your account to identify your Bank Priority List.

CA CA CA CA (3 Digit Zip Code (3 Digit Zip Code (3 Digit Zip Code (3 Digit Zip Code 000 – 912) 913 – 925) 926 – 940) 941 – 999) FL NY UBS Bank USA UBS Bank USA UBS Bank USA UBS Bank USA UBS Bank USA UBS Bank USA Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. State Street Bank State Street Bank, N.A State Street Bank Western Alliance Bank* State Street Bank Western Alliance Bank* HSBC Bank USA, N.A. HSBC Bank USA, N.A. Western Alliance Bank* HSBC Bank USA, N.A. HSBC Bank USA, N.A. HSBC Bank USA, N.A. Citizens Bank, N.A. Citizens Bank, N.A. Citizens Bank, N.A. Citizens Bank, N.A. Citizens Bank, N.A. Citizens Bank, N.A. East West Bank East West Bank East West Bank East West Bank East West Bank East West Bank Ameris Bank Ameris Bank Ameris Bank Ameris Bank Ameris Bank Ameris Bank BankUnited, N.A. BankUnited, N.A. BankUnited, N.A. BankUnited, N.A. BankUnited, N.A. BankUnited, N.A. Centennial Bank Centennial Bank Pacific Western Bank Centennial Bank Centennial Bank First Republic Bank* Pacific Western Bank Pacific Western Bank Centennial Bank Pacific Western Bank Pacific Western Bank Centennial Bank

3 of 4 AR; AZ; CT; LA; MN; DE; ME; NH; PA; CO; IA; IN; KS; MO; DC; GA; HI; MA; MD; AK; AL; ID; IL; KY; ND; MS; NC; NV; OR; PR; TX RI; VT; WA NE; NM; OK; WI MI; MT; TN; UT; WY NJ; OH; SC; SD; VA WV; All Other UBS Bank USA UBS Bank USA UBS Bank USA UBS Bank USA UBS Bank USA UBS Bank USA Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. Citibank, N.A. State Street Bank, N.A. State Street Bank State Street Bank, N.A. State Street Bank State Street Bank, N.A. State Street Bank HSBC Bank USA, N.A. HSBC Bank USA, N.A. HSBC Bank USA, N.A. Western Alliance Bank* HSBC Bank USA, N.A. HSBC Bank USA, N.A. Citizens Bank, N.A. Citizens Bank, N.A. Citizens Bank, N.A. Citizens Bank, N.A. Citizens Bank, N.A. Citizens Bank, N.A. East West Bank East West Bank East West Bank East West Bank East West Bank East West Bank Ameris Bank Ameris Bank Ameris Bank Ameris Bank Ameris Bank Ameris Bank BankUnited, N.A. Pacific Western Bank BankUnited, N.A. First Republic Bank* BankUnited, N.A. BankUnited, N.A. Centennial Bank BankUnited, N.A. Centennial Bank BankUnited, N.A. Centennial Bank Centennial Bank Pacific Western Bank Centennial Bank Pacific Western Bank Centennial Bank First Republic Bank* First Republic Bank*

If you wish to designate a participating bank as ineligible to receive your funds, please contact your Financial Advisor.

*Represents new bank added to the Bank Priority List Please note the following bank has been removed: BBVA USA

Questions Please contact your Financial Advisor if you have any questions concerning these changes.

© UBS 2021. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA. Member SIPC.

UBS Financial Services Inc. ubs.com/fs 2021-494350

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