New Issue: UBS prices $3.24 million trigger autocallables linked to Stoxx, Russell

By Susanna Moon

Chicago, Nov. 3 – UBS AG, London Branch priced $3.24 million of 0% trigger autocallable notes due Nov. 1, 2022 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 10.25% if each index closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless either index finishes below its 65% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying indexes:	Russell 2000 and Euro Stoxx 50
Amount:	$3,241,000
Maturity:	Nov. 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either index finishes below downside threshold, in which case 1% loss for each 1% decline of worse performing index
Call:	At par plus 10.25% per year if each index closes at or above initial level on any quarterly observation date after six months
Initial index levels:	1,497.459 for Russell and 3,637.20 for Stoxx
Downside thresholds:	973.348 for Russell and 2,364.18 for Stoxx; 65% of initial levels
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3%
Cusip:	90270KNL9

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