This Exchange Traded Note (ETN), a senior unsecured debt security issued by UBS AG and part of the FI Enhanced series, aims to provide investors with a two times leveraged long return based on an underlying index. Its performance is calculated quarterly and is subject to deduction for accrued fees. The benchmark index itself is constructed from large and mid-capitalization stocks (excluding Real Estate Investment Trusts, or REITs) found in 23 developed economies within the scope of the MSCI World Index.