New Issue: UBS prices $1.65 million capped leveraged buffered notes on S&P 500

By Kiku Steinfeld

Chicago, Oct. 15 – UBS AG, London Branch priced $1.65 million of 0% capped leveraged buffered notes due April 18, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 140% of any index gain, up to a maximum settlement amount of $1,196 per $1,000 of notes.

Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Capped leveraged buffered notes
Underlying index:	S&P 500
Amount:	$1,647,000
Maturity:	April 18, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any index gain, capped at par plus 19.6%; par if index falls by up to 12.5%; otherwise, 1.1429% loss for every 1% decline beyond 12.5%
Initial level:	3,351.60
Buffer level:	2,932.65 or 87.5%
Pricing date:	Sept. 28
Settlement date:	Oct. 5
Agent:	UBS Securities LLC
Fees:	None
Cusip:	90276BHS5

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