New Issue: UBS sells $225,000 trigger return optimization notes on oil & gas ETF

By Marisa Wong

Morgantown, W.Va., Sept. 21 – UBS AG, London Branch priced $225,000 of trigger return optimization securities due Dec. 20, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 5 times the gain, capped at 22.04%.

If the fund return is zero or negative but the fund finishes at or above the 90% trigger level, the payout will be par. Otherwise, investors will share in any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger return optimization securities
Underlying fund:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$225,000
Maturity:	Dec. 20, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 5 times any fund gain, return capped at 22.04%; par if fund falls by up to 10%; otherwise, full exposure to any fund decline
Initial price:	$31.83
Trigger price:	$28.65, 90% of initial price
Pricing date:	Sept. 15
Settlement date:	Sept. 19
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90281X603

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