MICROSECTORS U.S. BIG BANKS -3 INVERSE LEVERAGED ETNS DUE FEBRUARY 17, 2045

The Leveraged and Inverse Leveraged MicroSectors™ U.S. Big Banks Exchange Traded Notes (each an “ETN” or collectively “ETNs”) are linked to the performance of the Solactive MicroSectors™ U.S. Big Banks Index (the “Index”). Each series of ETNs offer sophisticated investors three times leveraged long or short, as applicable, participation in the performance of the Index, compounded daily, before taking into account fees, charges and the decay effect caused by the daily resetting of the leverage.