New Issue: UBS prices $2.62 million five-year trigger autocalls tied to S&P, Stoxx

By Susanna Moon

Chicago, Oct. 18 – UBS AG, London Branch priced $2.62 million of 0% trigger autocallable notes due Sept. 28, 2023 linked to the least performing of the S&P 500 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 of $10 plus an annual call premium of 10.4% if each index closes at or above its initial level on any quarterly review date after six months.

The payout at maturity will be par unless either index finishes below its 60% downside threshold, in which case investors will receive par plus the return of the worse performing index with full exposure to any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying indexes:	S&P 500 and Euro Stoxx 50
Amount:	$2.62 million
Maturity:	Sept. 28, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par unless either index finishes below its 60% downside threshold, in which case 1% loss per 1% decline of worse performing index
Call:	At par plus 10.4% per year if index closes at or above its initial level on any quarterly review date after six months
Initial levels:	2,915.56 for S&P, 3,419.78 for Stoxx
Downside thresholds:	1,749.34 for S&P, 2,051.87 for Stoxx, 60% of initial levels
Pricing date:	Sept. 25
Settlement date:	Sept. 28
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90270KTW9

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