New Issue: UBS sells $13.40 million digital notes linked to oil & gas ETF

By Marisa Wong

Morgantown, W.Va., Sept. 21 – UBS AG, London Branch priced $13,404,000 of 0% digital notes due Dec. 5, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

If the fund return is at least negative 20%, the payout at maturity will be par plus 8%.

If the fund return is less than negative 20%, investors will lose 1.25% for every 1% decline beyond 20%.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Digital notes
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$13,404,000
Maturity:	Dec. 5, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the fund return is at least negative 20%, par plus 8%; otherwise, 1.25% loss for every 1% decline beyond 20%
Initial price:	$31.83
Pricing date:	Sept. 15
Settlement date:	Sept. 22
Agent:	UBS Securities LLC
Fees:	0.95%
Cusip:	90270KMJ5

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