New Issue: UBS prices $4.29 million trigger performance notes on iShares MSCI EAFE

By Marisa Wong

Morgantown, W.Va., Nov. 9 – UBS AG, London Branch priced $4.29 million of 0% trigger performance securities due Oct. 30, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus 163% of the ETF return. Investors will receive par if the ETF falls by up to 25% and will be fully exposed to losses from the initial share price if it falls by more than 25%.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger performance securities
Underlying ETF:	iShares MSCI EAFE ETF
Amount:	$4,294,550
Maturity:	Oct. 30, 2020
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If ETF return is positive, par plus 163% of ETF return; par if ETF falls by up to 25%; full exposure to losses from initial share price if ETF falls by more than 25%
Initial share price:	$61.29
Trigger level:	$45.97, 75% of initial share price
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90275G350

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