By Susanna Moon
Chicago, Sept. 2 – UBS AG, London Branch priced $100,000 of 0% trigger performance securities due Sept. 8, 2020 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 156.104603% of any fund gain.
Investors will receive par if the fund falls by up to 25% and will be fully exposed to losses if the fund finishes below the 75% trigger level.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger performance securities
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| Underlying fund: | Energy Select Sector SPDR fund
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| Amount: | $100,000
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| Maturity: | Sept. 8, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 156.104603% of any fund gain; par if fund falls by up to 25%; full exposure to any losses if fund falls by more than 25%
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| Initial level: | $66.43
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| Trigger level: | 75% of initial level
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 3
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 3.5%
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| Cusip: | 90274U822
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