By Angela McDaniels
Tacoma, Wash., Nov. 30 – UBS AG, London Branch priced $10.05 million 0% trigger performance securities due Nov. 30, 2020 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 143% of the fund return.
If the fund return is zero or negative and the fund’s final share price is greater than or equal to the trigger price, 75% of the initial share price, the payout will be par.
If the final share price is less than the trigger price, investors will be fully exposed to the decline in the fund from its initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger performance securities
|
| Underlying fund: Energy Select Sector SPDR fund
|
| Amount: | $10,054,000
|
| Maturity: | Nov. 30, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund return is positive, par plus 143% of fund return; if fund return is zero or negative and fund’s final share price is greater than or equal to trigger price, par; if final share price is less than trigger price, full exposure to decline in fund from initial share price
|
| Initial share price: | $68.82
|
| Trigger level: | $51.62, 75% of initial share price
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 30
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3.5%
|
| Cusip: | 90275G624
|
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