New Issue: UBS prices $124,967 10.91% trigger yield optimization notes linked to Royal Caribbean

New York, Oct. 26 – UBS AG, London Branch priced $124,967.7 of 10.91% annualized trigger yield optimization notes due Jan. 29, 2021 linked to the common stock of Royal Caribbean Cruises Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $58.26, which is equal to the initial share price of Royal Caribbean stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Royal Caribbean stock is less than 60% of the initial share price, in which case investors will receive one Royal Caribbean share per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Royal Caribbean Cruises Ltd. (NYSE: RCL)
Amount:	$124,967.7
Maturity:	Jan. 29, 2021
Coupon:	10.91%, payable monthly
Price:	Par of $58.26
Payout at maturity:	If final share price is less than trigger price, one Royal Caribbean share; otherwise, par
Initial share price:	$58.26
Trigger price:	$34.96, 60% of initial price
Pricing date:	Oct. 26
Settlement date:	Oct. 28
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.35%
Cusip:	90282C665

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