New Issue: UBS sells $4.98 million capped leveraged notes on S&P 500

By William Gullotti

Buffalo, N.Y., Sept. 30 – UBS AG, London Branch priced $4.98 million of 0% capped leveraged notes due July 7, 2023 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 triple any index gain, up to a maximum settlement amount of $1,240 per $1,000 principal amount of notes.

Investors will lose 1% for every 1% decline from initial level.

UBS Securities LLC is the agent. Simon Markets LLC is acting as dealer.

Issuer:	UBS AG, London Branch
Issue:	Capped leveraged notes
Underlying index:	S&P 500
Amount:	$4,984,000
Maturity:	July 7, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus three times of any index gain, capped at par plus 24%; otherwise, 1% loss for every 1% decline from initial level
Initial level:	4,374.3
Pricing date:	July 14
Settlement date:	July 21
Agent:	UBS Securities LLC
Dealer:	Simon Markets LLC
Fees:	None
Cusip:	90279DAX4

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