Warrants Calculator

Please note that

The information as set out or generated in connection with this web link (the "Information") is for purely illustrative purposes only, as an accommodation and without charge, and is not intended to be used by, and should not be relied upon in any way by the recipient hereof or any third party. Please note that this Information may also include transactions that you have entered into with UBS AG or other entities within the UBS business group (together, "UBS"). UBS has no obligation to continue to provide to you the Information or other similar information, and we may cease doing so at any time in our sole discretion.

The Information are generated based upon certain methodologies, market data and assumptions and UBS makes no representation or warranty as to the accuracy, reliability, completeness or reasonableness of such methods, market data or assumptions. Use of different methods, data and/or assumptions may yield substantially different results.

The Information does not necessarily reflect the price at which a sale of the relevant securities and/or transactions could actually be effected UBS is not necessarily an issuer of the securities or party to the transactions as described in the Information. The Information does not necessarily reflect UBS's theoretical model value for the securities or transactions and does not necessary reflect the price at which UBS or any other person would enter into any transaction. The Information does not constitute an offer by us, or represent the price at which we would be willing, to purchase, sell, enter into, assign, terminate or settle any securities or transactions. The Information is not intended to suggest that a market exists for the relevant securities and/or transactions. The Information is not an indicative price quotation, as it does not necessarily reflect, in particular, such factors as hedging and transaction costs, credit considerations, market liquidity and bid-ask spreads, all of which may be relevant in establishing a price quotation.

The Information may not be relied by you for any purposes whatsoever. UBS is not responsible for any loss or damage arising out of any person's use of or reliance upon the Information and other information provided herein, including but not limited to, any loss or damage due to errors (including errors of transmission), inaccuracies, computational mistakes, omissions, changes in market factors or other conditions or any other circumstances, whether or not within UBS' control. In furtherance and without limiting the foregoing, under no circumstances shall UBS be liable for special or consequential damages that arise from any person's use of or reliance upon the Information and other information provided herein, even if UBS has been advised of the possibility of such damages