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Published on 10/19/2020 in the Prospect News Structured Products Daily.

New Issue: UBS prices $1.54 million capped PLUS due 2022 linked to Russell

By Kiku Steinfeld

Chicago, Oct. 19 – UBS AG, London Branch priced $1.54 million of 0% capped Performance Leveraged Upside Securities due Jan. 4, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of 15.3%.

Investors will be exposed to any losses.

UBS Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:UBS AG, London Branch
Issue:Capped Performance Leveraged Upside Securities
Underlying index:Russell 2000
Amount:$1,543,500
Maturity:Jan. 4, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, capped at par plus 15.3%; 1% loss for each 1% decline
Initial level:1,507.692
Pricing date:Sept. 30
Settlement date:Oct. 5
Agent:UBS Securities LLC with Morgan Stanley Wealth Management handling distribution
Fees:2.25%
Cusip:90281M508

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