New Issue: UBS prices $3.13 million 5.15% airbag yield notes tied to Nasdaq, Russell

By Sarah Lizee

Olympia, Wash., Dec. 3 – UBS AG London Branch priced $3.13 million of 5.15% airbag yield notes due Nov. 23, 2020 linked to the least performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If the final level of the lesser performing asset is greater than or equal to the downside threshold, 80% of its initial level, the payout will be par.

Otherwise, investors will lose 1.25% for every 1% decline of the lesser performing asset beyond 20%.

UBS Securities LLC and UBS Investment Bank are the underwriters.

Issuer:	UBS AG London Branch
Issue:	Airbag yield notes
Underlying assets:	Nasdaq-100 index and Russell 2000 index
Amount:	$3,125,000
Maturity:	Nov. 23, 2020
Coupon:	5.15%, payable monthly
Price:	Par
Payout at maturity:	If the final level of the lesser performing asset is greater than or equal to the downside threshold, par; otherwise, investors will lose 1.25% for every 1% decline of the lesser performing asset beyond 20%
Initial levels:	8,328.479 for Nasdaq, 1,592.341 for Russell
Buffer levels:	6,662.783 for Nasdaq, 1,273.873 for Russell; 80% of initial levels
Pricing date:	Nov. 19
Settlement date:	Nov. 21
Underwriters:	UBS Securities LLC and UBS Investment Bank
Fees:	None
Cusip:	90270KV97

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