UBS Bank Sweep Programs Disclosure Statement

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UBS Bank Sweep ProgramsDisclosure StatementMay 2021This booklet contains disclosures required by federal law.lease keep this information for future reference.

I.SummarySecurities Accounts Owned by Non-USResidentsDeposit Program Structure andWithdrawal LimitsBusiness Program Structure andWithdrawal LimitsFDIC Deposit Insurance Available on DepositAccounts at Bank USANo SIPC ProtectionBank USA Sweep Cap and SecondarySweep OptionsInterest RatesTemporary Sweep OptionsFinancial Benefits to UBS and Conflictsof InterestAlternatives to the Bank Sweep ProgramsII. How the Bank Sweep Programs WorkEligibilitySecondary Sweep OptionsWithdrawal Procedures: GeneralBank USA Deposit Procedures:The Deposit ProgramBank USA Deposit Procedures:The Business ProgramSecurities Accounts Owned byNon-US ResidentsWithdrawal Procedures: The Deposit ProgramWithdrawal Procedures: The Business ProgramPrior Written Notice of WithdrawalIII. Interest RatesGeneralInterest Rate TiersEligible Deposits in a Marketing RelationshipPlans and Plan ParticipantsEligible Deposits in a QP/SEP/SIMPLE RelationshipIV. Temporary Sweep OptionsContinuation of Transaction Limits forthe UBS Business Account Sweep ProgramOrder of WithdrawalsFund ProspectusRMA Government Money MarketFund ProspectusNo Prior Notice Before Free Cash BalancesBegin Sweeping to Your TemporarySweep OptionElection by Bank USA to ResumeAccepting 6666667XII.XIII.UBS AG and the AG Stamford BranchOverview of UBS AG and the AGStamford BranchAvailability of Certain UBS GroupAG DocumentsViewing Information About YourDeposit AccountsChanges to the Bank Sweep ProgramsNoticesYour Relationship with UBS, Bank USA,UBS AG and the AG Stamford BranchBenefits to UBS and Its AffiliatesFDIC InsuranceGeneral InformationIndividual AccountsJoint AccountsCorporate, Partnership and UnincorporatedAssociation AccountsRevocable Trust AccountsIrrevocable Trust AccountsMedical Savings AccountsIndividual Retirement AccountsEmployee Benefit PlansPass-Through Deposit Insurance for EmployeeBenefit Plan DepositsDefined Benefit PlansDefined Contribution PlansAggregation of Employee Benefit Plan DepositsQuestions about FDIC Deposit InsuranceCoverageSecurities Investor ProtectionCorporation ProtectionAlternatives to the Bank Sweep ProgramsSecurities Accounts That Are NotTax-AdvantagedTax-Advantaged Securities Accounts andBasic Investment 177777772 of 12

I. SummaryUBS Financial Services Inc. and UBS Financial Services Incorporated ofPuerto Rico (collectively UBS, we or us) offer two programs toautomatically deposit, or “sweep,” available cash balances not requiredto pay debits or charges (Free Cash Balances) in a securities account(Securities Account) into one or more deposit accounts at UBS Bank USA(Bank USA), a Federal Deposit Insurance Corporation (FDIC) memberbank that is affiliated with UBS:– UBS Deposit Account Sweep Program (the Deposit Program)– UBS Business Account Sweep Program (the Business Program)Collectively, we refer to them as the Bank Sweep Programs.This Section I provides a summary of the Bank Sweep Programs.You should carefully review the remaining sections for moredetailed information.In general, most clients (you, your and yours) with a ResourceManagement Account (RMA), International Resource ManagementAccount, Individual Retirement Account (IRA), Basic Investment Account,Business Services Account BSA, International Business Services Accountor Coverdell Education Savings Account will be eligible for one of theBank Sweep Programs.Eligibility for the Bank Sweep Programs is based on the type of clientrather than the type of Securities Account. Most non-business clients,including employee benefit plans qualified under Section 401(a) of theInternal Revenue Code of 1986, as amended (the Code), or under anyother employee retirement or welfare plan subject to the EmployeeRetirement Income Security Act of 1974, as amended (ERISA) (Plans),are eligible for the Deposit Program. In cases where a participant in aPlan has established a Securities Account for purposes of participationin the Plan (each a Plan Participant), the Plan Participant will be eligiblefor the Deposit Program. Most business clients are eligible for theBusiness Program. More information about eligibility for the BankSweep Programs is provided in the section titled “II. How the BankSweep Programs Work.”Securities Accounts that are enrolled in any of the following investmentadvisory programs (Advisory Accounts) are eligible for one of the BankSweep Programs:– Access– Managed Accounts Consulting (MAC)– Portfolio Management Program (PMP)– Private Wealth Solutions (PWS)– UBS Institutional Consulting– UBS Managed Portfolio of Environmental, Social andGovernance (ESG) Investments– UBS Managed Portfolio of Funds (MPF)– UBS Managed Portfolio of Global Selections– UBS Managed Portfolio Selections– UBS Strategic Advisor (SA)– UBS Strategic Wealth Portfolio (SWP)– UBS Consolidated Advisory Program (CAP)– Other programs that we may add from time to timeRetirement accounts that are eligible for one of the Bank SweepPrograms include Individual Retirement Accounts (IRA), includingtraditional, Roth, SEP and SIMPLE IRAs.All Securities Accounts that are not Advisory Accounts are referred toas Brokerage Accounts.For both Bank Sweep Programs, each business day, as long as all debitsand charges to your Securities Account have been satisfied, we willautomatically transfer, or “sweep,” Free Cash Balances of 1.00 or morefrom your Securities Account (other than IRAs and Plans, where we willsweep Free Cash Balances of 0.01 or more), into one or more depositaccounts at Bank USA (the Deposit Accounts).As used in this Disclosure Statement, the term “Deposit Accounts” alsorefers to deposit accounts at UBS AG, Stamford Branch (the AG StamfordBranch) in the Business Program, as applicable. AG StamfordBranch is a USbranch of a Swiss bank that is not insured by the FDIC. Business days areMonday through Friday, excluding bank holidays in the State of New Yorkand New York Stock Exchange holidays.Deposit Program Structure and Withdrawal LimitsIf the Deposit Program is your sweep option, we will establish a moneymarket deposit account (MMDA) and a Transaction Account (TA) for youat Bank USA. There are no limitations on withdrawals from your fundson deposit at Bank USA.Business Program Structure and Withdrawal LimitsIf the Business Program is your sweep option, we will establish only anMMDA at Bank USA. For purposes of the Business Program, the MMDAat Bank USA is referred to as the Business Account. UBS limits thenumber of withdrawals from your Business Account at Bank USA to six(6) per calendar month.Withdrawals to satisfy check, debit card and automatic bill paytransactions will be counted toward the limit; multiple check, debitcard and automatic bill pay debits incurred in your Securities Accounton the same day will be counted as one (1) withdrawal. If you reach six(6) withdrawals in a calendar month, all remaining funds in yourBusiness Account at Bank USA will be withdrawn and transferred tosweep options that are not subject to withdrawal limits: (i) an availablemoney market fund (MoneyMarket Fund) if your Securities Account isan Advisory Account or (ii) Deposit Accounts at the AG StamfordBranch) if your Securities Accountis a Brokerage Account. The currentMoney Market Fund available is the UBS RMA Government MoneyMarket Fund (RMA Fund) and its prospectus is available atubs.com/sweepyields or by calling your Financial Advisor.For the remainder of the month, Free Cash Balances will be swept toyour Money Market Fund or Deposit Accounts at the AG StamfordBranch and all withdrawals will be made from your Money Market Fundor Deposit Accounts at the AG Stamford Branch. On the first businessday of the next calendar month, these funds will be withdrawn anddeposited into your Business Account at Bank USA. Balances in yourMoney Market Fund and at the AG Stamford Branch will not be eligiblefor FDIC insurance until they are re-deposited into your Business Accountat Bank USA.Business Program Structure and Withdrawal Limits—Non-US ResidentsFor all Securities Accounts owned by non-US residents, if you reach six(6) withdrawals in a calendar month, the funds in your Business Accountat Bank USA will be withdrawn and moved to Deposit Accounts at theAG Stamford Branch for the remainder of the calendar month. On thefirst business day of the next calendar month, your balances at the AGStamford Branch will be deposited into your BusinessAccount at BankUSA.Deposit Accounts at the AG Stamford Branch and balances inthe Money Market Fund are not covered by FDIC insurance untilsuch balances are re-deposited into your Business Account atBank USA.FDIC Deposit Insurance Available on Deposit Accounts at Bank USAFunds on deposit at Bank USA are eligible for deposit insurance fromthe FDIC up to 250,000 (including principal and accrued interest) foreach insurable capacity in which you hold your Securities Account(e.g., individual, joint, corporate, IRA, etc.).For Plans and Plan Participants, deposit insurance coverage is based oneach participant’s non-contingent interest in the Plan. Please refer tothe section titled “XI. FDIC Insurance” for more information.3 of 12

Any balances in Deposit Accounts at Bank USA in excess of the FDIClimit will not be insured. For purposes of determining the FDIC insurancecoverage of your deposits, deposit accounts that you establish directlywith Bank USA or through an intermediary, such as UBS (includingcertificates of deposit issued by Bank USA and balances in UBS CoreSavings), will be aggregated with all funds on deposit at Bank USAthrough the Bank Sweep Programs and the UBS FDIC Insured DepositProgram in the same insurable capacity. In addition, for purposes of FDICinsurance coverage deposits of Plan Participants in certain Plans will beaggregated with deposits of the Plan Participant held in an IRA and otherself-directed retirement accounts.UBS will sweep Free Cash Balances in each of your Securities Accountsirrespective of how many Securities Accounts you hold in the sameinsurable capacity (e.g., individual, joint, corporate, IRA, Plan, etc.).Your Deposit Accounts for each of your Securities Accounts owned inthe same insurable capacity are aggregated for FDICinsurance determination purposes.You are responsible for monitoring the total amount of deposits thatyou have with Bank USA to determine the extent of FDIC depositinsurance coverage available to you, including deposits through bothBank Sweep Programs.Neither UBS, Bank USA nor their affiliates monitor the amountof your deposited funds to determine whether those amountsexceed the FDIC insurance limits applicable to your deposits atBank USA.No SIPC ProtectionThe Deposit Accounts at Bank USA and the AG Stamford Branch arenot protected by the Securities Investor Protection Corporation (SIPC ).Funds on deposit at the AG Stamford Branch are not insured bythe FDIC, SIPC or any governmental agency of the United States,Switzerland or any other jurisdiction. The Deposit Accountsare obligations of the AG Stamford Branch only, and are notobligations of UBS or of any of its other affiliates. The paymentof principal and interest on Deposit Accounts at the AGStamford Branch is subject to the creditworthiness of UBS AG.In the unlikely event of the failure of the AG Stamford Branch,you will be a general unsecured creditor of UBS AG. See thesection titled “V. UBS AG and the AG Stamford Branch.”Interest RatesInterest rates paid on funds in your Deposit Accounts at Bank USA and,if applicable, the AG Stamford Branch, are determined by Bank USA andthe AG Stamford Branch, respectively, in their discretion based upon avariety of factors, including economic and business conditions.For clients other than Plans and Plan Participants, interest rates on theDeposit Accounts at Bank USA and the AG Stamford Branch are tieredbased on total eligible deposits in a Marketing Relationship. See“Marketing Relationship Assets and Consolidated Account Reporting”in the “General Terms and Conditions” of the Agreements andDisclosures booklet (“General Terms and Conditions”) you receivedafter you opened your Securities Account (which is available atubs.com/accountdisclosures), and “Eligible Deposits in a MarketingRelationship” for information about eligible deposits in a MarketingRelationship and how they are calculated.For Plans and Plan Participants, interest rates on the Deposit Accounts atBank USA and the AG Stamford Branch are tiered based on total eligibledeposits in a Qualified Plan (QP)/SEP/SIMPLE Plan Relationship, as definedin “Eligible Deposits in QP/SEP/SIMPLE Relationship.”In general, clients with higher total eligible deposits in a MarketingRelationship or QP/SEP/SIMPLE Relationship, as applicable, will receivehigher interest rates on their Deposit Accounts than clients with lowertotal eligible deposits in a Marketing Relationship or QP/SEP/SIMPLE Relationship.Interest rates paid on the Deposit Accounts may change daily. Informationregarding current interest rates on the Deposit Accounts is available online atubs.com/sweepyields or by calling your Financial Advisor.If the Deposit Program is your sweep option, Bank USA will pay thesame rate of interest on your TA and MMDA. For the Business SweepProgram, Bank USA and the AG Stamford Branch will generally pay thesame rate of interest on Deposit Accounts. However, Bank USA and theAG Stamford Branch reserve the right to pay different interest rates ontheir respective Deposit Accounts.Interest rates offered through the Deposit Program and the BusinessProgram will generally be the same. However, the interest rates offeredthrough the Deposit Program may be higher or lower than interest ratesoffered through the Business Program.Temporary Sweep OptionsBank USA may stop accepting deposits in its sole discretion at any time,or if it is prohibited from doing so by its banking regulators. Please seesection IV titled "Temporary Sweep Options” for more information.Financial Benefits to UBS and Conflicts of InterestUBS receives, to the extent permitted by applicable law, an annual feeof up to 50 from both Bank USA and AG Stamford Branch, for eachSecurities Account that sweeps through either of the Bank SweepPrograms into Deposit Accounts at Bank USA and AG Stamford Branch,respectively. UBS, Bank USA and the AG Stamford Branch will eachreceive certain benefits in connection with the Bank Sweep Programs.Alternatives to the Bank Sweep ProgramsIf your Brokerage Account is not tax-advantaged and is not a BasicInvestment Account) and your Brokerage Account is eligible toparticipate in one of the Bank Sweep Programs, you may decline toparticipate and elect at any time to have your Free Cash Balances remainin your Brokerage Account without any payment of interest. If you are aresident of Puerto Rico and do not wish to have your Free Cash Balancesswept into one or more Deposit Accounts at Bank USA, you may elect atany time to have your Free Cash Balances automatically swept, withoutlimit, to the Puerto Rico Short Term Investment Fund, Inc. Please refer topage 11 for important information on the Puerto Rico Short TermInvestment Fund, Inc.If your Securities Account is eligible to participate in one of the BankSweep Programs, and is either tax-advantaged or is a Basic InvestmentAccount (whether tax-advantaged or not), the only sweep options UBSoffers for the investment of Free Cash Balances are the Bank SweepPrograms. Tax-advantaged Securities Accounts include, but are notlimited to, Securities Accounts of Plans, Plan Participants and IRAs. Ifyour tax- advantaged Securities Account or Basic Investment Account isa Brokerage Account and you choose not to participate in one of theBank Sweep Programs, Free Cash Balances will remain in your SecuritiesAccounts and will not earn interest. If your tax-advantaged SecuritiesAccount or Basic Investment Account is an Advisory Account, Free CashBalances must be swept through one of the Bank Sweep Programs.If your Securities Account is not eligible to participate in one of the BankSweep Programs, your Securities Account may be eligible for a differentsweep option. Please refer to the section in the Client RelationshipAgreement entitled “Our Sweep Options and Your Sweep Election.”You may wish to consider alternatives to the available sweep optionsfor the investment of your cash. Such alternatives will require you todirect us to invest your cash balances, rather than having your cashbalances automatically swept.II. How the Bank Sweep Programs WorkEligibilityThe Deposit Program is available only to:– Individuals– IRAs– Sole proprietorships– Governmental entities– Plans and Plan Participants (excluding Plans with a pooled4 of 12

plan structure)Custodial accounts are eligible for the Deposit Program as long as noneof the beneficiaries is a business entity.The Business Program is available only to:– Business entities, such as corporations, partnerships, limitedliability companies, associations, and business trusts but excludingsole proprietorships– Nonprofit organizations, including organizations described inSections 501(c)(3) through (13) and (19) of the Code– Estates– Revocable Trusts owned by US residents (if one (1) or morebeneficiaries is a business entity)– Irrevocable Trusts owned by US residents (if one (1) or morebeneficiaries is a business entity)– All Trusts owned by non-US residentsNote that UBS, at its discretion, will consider a client to be ineligible ifUBS becomes aware that the entity is prohibited as a matter of lawfrom holding funds at Bank USA.Securities Accounts that are not eligible for the Bank Sweep Programs(Ineligible Accounts) include (1) any Securities Account owned by afinancial institution, (2) Plans with a pooled plan structure, (3) anySecurities Account owned by a revocable trust or irrevocable trust if alltrust beneficiaries are natural persons and/or nonprofit organizationsand (4) Plans established under Section 403(b)(7) of the Code. Pleaseask your Financial Advisor for information on how to provideinformation about trust beneficiaries to us.Financial institutions include the following entities and any others thatwe may add from time to time: insurance companies, broker-dealers,investment advisors, mutual fund companies, hedge fund companies,private pension funds, public retirement funds, state and federalchartered banks, state and federal chartered credit unions, state andfederal chartered savings associations, and state and federal charteredtrust companies.Information regarding current yields for the Money Market Fund isavailable online at ubs.com/sweepyields, through UBS Online Servicesor by calling your Financial Advisor. A prospectus for the Money MarketFund is available online at ubs.com/sweepyields, or by contacting yourFinancial Advisor.An investment in the Money Market Fund is not insured orguaranteed by the FDIC or any other government agency.Although the Money Market Fund seeks to preserve the valueof your investment at 1.00 per share, it is possible to losemoney by investing in the Money Market Fund. The MoneyMarket Fund is offered only by prospectus. Investors shouldconsider the investment objectives, charges, expenses and riskfactors carefully before investing. The prospectus contains thisand other information. Please read it carefully before you invest.Bank USA Deposit Procedures: The Deposit ProgramWhen Free Cash Balances in your Securities Account are first availableto be swept to Bank USA (as described in the Agreements andDisclosures booklet), UBS, acting as your agent, will open DepositAccounts consisting of a Transaction Account (TA) and a money marketdeposit account (MMDA) on your behalf at Bank USA. Acting as youragent, UBS will deposit Free Cash Balances into your MMDA. Allwithdrawals will be made from your TA. Periodically, UBS will transferfunds from your MMDA to your TA as necessary to satisfy purchases,withdrawals and other transactions in your Securities Account. Transfersfrom the MMDA to the TA and withdrawals from the TA are discussedunder “Withdrawal Procedures: the Deposit Program.”Bank USA Deposit Procedures: The Business ProgramWhen Free Cash Balances in your Securities Account are first available tobe swept to Bank USA (as described in the Agreements and Disclosuresbooklet), UBS, acting as your agent, will open a Business Account onyour behalf at Bank USA. Acting as your agent, UBS will deposit FreeCash Balances into your Business Account.If during any calendar month your withdrawals from yourBusinessAccount at Bank USA reach the limit described belowunder “Withdrawal Procedures,” your funds will be withdrawnfrom Bank USA and transferred to sweep options that are notsubject towithdrawal limits: (i) the Money Market Fund if your Securities Accountis an Advisory Account or (ii) Deposit Accounts at the AG StamfordBranch) if your Securities Account is a Brokerage Account or if yourBusiness Account is owned by non-US resident. For the remainder ofthatcalendar month, your Free Cash Balances will be invested in yourMoney Market Fund or Deposit Accounts at AG Stamford Branch. Onthe first business day of the following month, all funds will bewithdrawn and deposited in your Business Account at Bank USA.You are responsible for monitoring the total amount of depositsthat you have with Bank USA to determine the extent of FDICdeposit insurance coverage available to you, including depositsthrough both Bank Sweep Programs.Neither UBS, Bank USA nor their affiliates monitor the amountof your deposited funds to determine whether those amountsexceed the FDIC insurance limit applicable to your deposits atBank USA and are not responsible for any insured oruninsuredportion of the Deposit Accounts at Bank USA.If you have multiple Securities Accounts at UBS in the sameinsurable capacity that sweep into Bank USA, or if you hold otherdeposits at Bank USA (including certificates of deposit and UBSCore Savings), your funds may exceed FDIC insurance limits atBank USA.You should carefully review the section titled “XI. FDIC Insurance.”Interest on the Deposit Accounts will be compounded daily. Interestaccrued through the fourth business day of the month will be credited toyour Securities Accounts on the fifth business day of the month.Withdrawal Procedures: GeneralUBS, as your agent, will satisfy any debits or charges in your SecuritiesAccount by withdrawing funds as set forth in the General Termsand Conditions.Debits are amounts due to UBS on settlement date for securitiespurchases, other transactions and fees associated with your SecuritiesAccount, including, without limitation, margin loans. Charges areamounts due to UBS for checks, bill payments and electronic fundstransfers, UBS debit card purchases and cash withdrawals. No debitsor charges, including, without limitation, charges resulting fromcheckwriting, will be satisfied directly from your Deposit Accounts atBank USA or the AG Stamford Branch.Withdrawal Procedures: The Deposit ProgramUBS limits the number of transfers from an MMDA to six (6) per month(or per statement cycle). At any point during a calendar month in whichtransfers from your MMDA have reached the applicable limit, all fundswill be transferred from your MMDA to the related TA until the end ofthat calendar month. At the beginning of the next calendar month,funds on deposit in your TA will be transferred to your MMDA, less anythreshold balance we elect to maintain. The limit on MMDA transferswill not limit the number of withdrawals you can make from funds ondeposit at Bank USA or the AG Stamford Branch.To reduce the number of transfers between your MMDA and TA, UBSmay elect to maintain a threshold balance in your TA based upon theamount of debit activity in your Securities Account. You will earn thesame rate of interest and receive the same level of FDIC insurancecoverage (with respect to your Deposit Accounts at Bank USA)regardless of the allocation of your funds between your MMDA and TA5 of 12

Withdrawal Procedures: The Business ProgramUBS limits the number of withdrawals from your BusinessAccount atBank USA to six (6) per calendar month.Withdrawals to satisfy check, debit card and automatic bill paytransactions will be counted toward the withdrawal limit; multiplecheck, debit card and automatic bill pay debits incurred in yourSecurities Account on the same day will be counted as one (1)withdrawal.If you reach six (6) withdrawals in a calendar month, all remaining fundsin your Business Account at Bank USA will be and transferred to sweepoptions that are not subject to withdrawal limits:(i) the Money Market Fund if your Securities Account is an AdvisoryAccount or (ii) Deposit Accounts at the AG Stamford Branch) if yourSecurities Account is a Brokerage Account. For the remainder of themonth, Free Cash Balances in your Securities Account will be swept toyour Money Market Fund or Deposit Accounts at AG Stamford Branch,as applicable, and all withdrawals will be made from your Money MarketFund or Deposit Accounts at AG Stamford Branch. On the first businessday of the following month, all funds will be deposited back into yourBusiness Account at Bank USA.Withdrawal Procedures: the Business Program—Non-US ResidentsFor Securities Accounts owned by non-US residents, if you reach six (6)withdrawals in a calendar month, the funds in your BusinessAccount atBank USA will be withdrawn and moved to Deposit Accountsat AGStamford Branch for the remainder of the calendar month. For theremainder of the calendar month, your Free Cash Balances will sweep toDeposit Accounts at AG Stamford Branch. On the first business day ofthe next calendar month, all balances in Deposit Accounts at AGStamford Branch will be deposited into your Business Account at BankUSA. Deposit Accounts at the AG Stamford Branch are not eligiblefor FDIC insurance until such balances are re-deposited into yourBusiness Account at Bank USA.Funds in the Money Market Fund or Deposit Accounts at the AGStamford Branch will not be eligible for FDIC insurance until theyare re-deposited into your Business Account at Bank USA.Prior Written Notice of WithdrawalAs required by federal banking regulations, Bank USA and the AGStamford Branch reserve the right to require seven (7) days prior writtennotice before permitting a withdrawal or transfer of funds from anMMDA and/or from the TA. Neither Bank USA nor the AG StamfordBranch has any intention of exercising this right at the present time.III. Interest RatesGeneralInterest rates will be established periodically based on prevailing businessand economic conditions, as well as the nature and scope of yourrelationship with us.Interest rates paid on the Deposit Accounts may change daily. Newinterest rates will be made available on the business day following theday when the interest rate is set, and will apply to balances in theDeposit Accounts on the day it is made available.If the Deposit Program is your sweep option, Bank USA will pay the samerate of interest on your TA and MMDA. If you have balances in DepositAccounts at the AG Stamford Branch through the Business Program, theAG Stamford Branch will pay the same rate of interest on your TA andMMDA. For both Bank Sweep Programs, Bank USA and the AG StamfordBranch will generally pay the same rate of interest on Deposit Accounts.However, Bank USA and the AG Stamford Branch reserve the right topay different interest rates on Deposit Accounts.The interest rates offered through the Deposit Program and the BusinessProgram will generally be the same. However, Bank USA and the AGStamford Branch reserve the right to pay different interest rates.Interest will accrue on the Deposit Account balances from the day funds aredeposited at Bank USA or the AG Stamford Branch, as applicable, throughthe busin the Bank Sweep Programs, yourDeposit Accounts will earn the interest rate assigned to the 500,000to 999,999 interest rate tier until the amount of eligible deposits in aMarketing Relationship is calculated at the end ofIII. Interest RatesGeneralInterest rates will be established periodically based on prevailing businessand economic conditions, as well as the nature and scope of yourrelationship with us.Interest rates paid on the Deposit Accounts may change daily. Newinterest rates will be made available on the business day following theday when the interest rate is set, and will apply to balances in theDeposit Accounts on the day it is made available.If the Deposit Program is your sweep option, Bank USA will pay the samerate of interest on your TA and MMDA. If you have balances in DepositAccounts at the AG Stamford Branch through the Business Program, theAG Stamford Branch will pay the same rate of interest on your TA andMMDA. For both Bank Sweep Programs, Bank USA and the AG StamfordBranch will generally pay the same rate of interest on Deposit Accounts.However, Bank USA and the AG Stamford Branch reserve the right topay different interest rates on Deposit Accounts.The interest rates offered through the Deposit Program and the BusinessProgram will generally be the same. However, Bank USA and the AGStamford Branch reserve the right to pay different interest rates.6 of 12

Eligible Deposits in a QP/SEP/SIMPLE RelationshipEligible deposits in a QP/SEP/SIMPLE Relationship include certificates ofdeposit issued by Bank USA, all deposits at Bank USA and AG StamfordBranch through the Bank Sweep Programs, and all deposits at BankUSA and participating banks through the UBS FDIC-Insured DepositProgram. UBS determines the amount of eligible deposits in aQP/SEP/SIMPLE Relationship as the eligible deposits of a Plan held inSecurities Accounts with the same employer identification number (EIN)or Tax ID Number and Plan name, including eligible deposits in SecuritiesAccounts held by Plan Participants, if applicable. We reser

Election by Bank USA to Resume Accepting Deposits 7 V. UBS AG and the AG Stamford Branch 7 Overview of UBS AG and the AG Stamford Branch 7 Availability of Certain UBS Group AG Documents 8 VI. Viewing Information About Your Deposit Accounts 8 VII. Changes to the Bank Sweep Programs 8 VIII. Notices 8 I

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