New Issue: UBS sells $4.27 million digital index-linked notes on S&P 500

By Susanna Moon

Chicago, April 24 – UBS AG, London Branch priced $4.27 million of 0% digital index-linked notes due Nov. 5, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 85% threshold level, the payout at maturity will be the maximum settlement amount of $1,084 for each $1,000 principal amount.

Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.

UBS Securities LLC is the underwriter.

Issuer:	UBS AG, London Branch
Issue:	Digital index-linked notes
Underlying index:	S&P 500
Amount:	$4,265,000
Maturity:	Nov. 5, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 85% threshold, par plus 8.4%; otherwise, 1.1765% loss per 1% decline beyond 15%
Initial level:	2,693.13
Barrier level:	85% of initial level
Pricing date:	April 19
Settlement date:	April 26
Underwriter:	UBS Securities LLC
Fees:	1.34%
Cusip:	90270KRE1

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