New Issue: UBS sells $1.57 million digital index-linked notes on MSCI EAFE

By Wendy Van Sickle

Columbus Ohio, May 4 – UBS AG, London Branch priced $1.57 million of 0% digital index-linked notes due April 6, 2020 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 87.5% buffer level, the payout at maturity will be the maximum settlement amount of $1,129.50 for each $1,000 principal amount.

Otherwise, investors will lose 1.1429% for each 1% decline beyond 12.5%.

UBS Securities LLC is the underwriter.

Issuer:	UBS AG, London Branch
Issue:	Digital index-linked notes
Underlying index:	MSCI EAFE
Amount:	$1,572,000
Maturity:	April 6, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 87.5% buffer level, par plus 12.95%; otherwise, 1.1429% loss per 1% decline beyond 12.5%
Initial level:	2,032.72
Buffer level:	1,778.63, 87.5% of initial level
Pricing date:	May 2
Settlement date:	May 9
Underwriter:	UBS Securities LLC
Fees:	0%
Cusip:	90270KRL5

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