New Issue: UBS sells $4.1 million trigger digital notes tied to Brent crude oil

By Wendy Van Sickle

Columbus, Ohio, Dec. 14 – UBS AG, London Branch priced $4.1 million of 0% trigger digital notes due Dec. 21, 2022 linked to a Brent crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

If the commodity finishes at or above 70% of its initial level, the payout at maturity will be par plus 16.25%.

If the commodity finishes below the 70% downside threshold, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent, with UBS Financial Services Inc. as dealer.

Issuer:	UBS AG, London Branch
Issue:	Trigger digital notes
Underlying index:	Brent crude oil futures contract
Amount:	$4.1 million
Maturity:	Dec. 21, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the commodity finishes at or above its downside threshold level, par plus 16.25%; otherwise, exposure to decline of commodity
Initial price:	$69.88
Downside threshold:	$48.92, 70% of initial level
Pricing date:	Dec. 6
Settlement date:	Dec. 9
Agent:	J.P. Morgan Securities LLC
Dealer:	UBS Financial Services Inc.
Fees:	1%
Cusip:	90279DSE7

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