New Issue: UBS prices $1.01 million trigger return optimization notes on energy fund

By Kiku Steinfeld

Chicago, Dec. 15 – UBS AG, London Branch priced $1.01 million of trigger return optimization securities due March 16, 2022 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund closes at or above the initial price, the payout at maturity will be par plus two times any fund gain capped at 25.37%.

If the fund falls by up to 15%, the payout will be par. If the fund finishes below the 85% trigger level, the payout will be par plus the fund return, with full exposure to losses.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger return optimization securities
Underlying ETF: Energy Select Sector SPDR fund
Amount:	$1.01 million
Maturity:	March 16, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus two times any fund gain, capped at 25.37%; par if fund falls by up to 15%; if fund finishes below trigger level, par plus the fund return, with full exposure to losses
Initial share price:	$41.12
Trigger level:	$34.95, 85% of initial price
Pricing date:	Dec. 11
Settlement date:	Dec. 15
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90282N760

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