New Issue: UBS sells $3.96 million capped airbag gears linked to S&P MidCap 400

By Wendy Van Sickle

Columbus, Ohio, Oct. 22 – UBS AG, London Branch priced $3.96 million of 0% capped airbag gears due April 25, 2024 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, capped at par plus 25.32%. Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% that the index may decline beyond 15%.

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

Issuer:	UBS AG, London Branch
Issue:	Capped airbag gears
Underlying index:	S&P MidCap 400 index
Amount:	$3,955,000
Maturity:	April 25, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.5 times any index gain, capped at par plus 25.32%; par if the index falls by up to 15%; otherwise, 1.1765% loss for every 1% index decline beyond 15%
Initial level:	2,784.2
Downside threshold:	2,366.57, 85% of initial level
Pricing date:	Oct. 20
Settlement date:	Oct. 25
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	None
Cusip:	90279DMM5

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