By Wendy Van Sickle
Columbus, Ohio, Feb. 3 – UBS AG, London Branch priced $1.83 million of 0% dual directional trigger Performance Leveraged Upside Securities due Feb. 1, 2019 linked to the Energy Select Sector SPDR fund, according to a 424B2 filed with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 200% of the fund return, subject to a maximum return of 46%.
If the fund return is zero or negative and the final share price is greater than or equal to the trigger level, the payout will be par plus the absolute value of the fund return. The trigger level will be 80% of the initial share price.
If the final share price is less than the trigger level, investors will be fully exposed to the decline from the initial share price.
UBS Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.
| Issuer: | UBS AG, London Branch
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying fund: | Energy Select Sector SPDR
|
| Amount: | $1,829,800
|
| Maturity: | Feb. 1, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of fund return, up to 46% maximum return; if final index level is less than or equal to initial index level but greater than or equal to trigger level, par plus absolute value of index return; if final index level is less than trigger level, full exposure to decline from initial index level
|
| Initial level: | 58.24
|
| Trigger level: | 46.59, 80% of initial level
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 3
|
| Agent: | UBS Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 90275L458
|
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