New Issue: UBS prices $100,000 airbag performance notes tied to Royal Dutch Shell

By Marisa Wong

Morgantown, W.Va., Oct. 18 – UBS AG, London Branch priced $100,000 of 0% airbag performance notes due Oct. 22, 2020 linked to the American Depositary Shares of Royal Dutch Shell plc, according to a 424B2 filing with the Securities and Exchange Commission.

If the stock’s return is positive, the payout at maturity will be par plus 163.303047% of the gain.

If the stock finishes flat or falls by up to 20%, payout will be par.

Otherwise, investors will lose 1.25% for every 1% share price decline beyond 20%.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Airbag performance securities
Underlying ADS:	Royal Dutch Shell plc (Symbol: RDS/A)
Amount:	$100,000
Maturity:	Oct. 22, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If stock’s return is positive, par plus 163.303047% of the gain; if stock finishes flat or falls by up to 20%, par; otherwise, 1.25% loss for every 1% share price decline beyond 20%
Initial price:	$60.70
Pricing date:	Oct. 17
Settlement date:	Oct. 19
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90283D654

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