New Issue: UBS prices $3.33 million digital notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Nov. 15 – UBS AG, London Branch priced $3.33 million of 0% digital notes due Oct. 15, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 87.5% of the initial index level, the payout at maturity will be $1,114.50 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1429% for every 1% that the index declines beyond 12.5%.

UBS Securities LLC is the underwriter.

Issuer:	UBS AG, London Branch
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$3,334,000
Maturity date:	Oct. 15, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 87.5% of initial index level, $1,114.50 per $1,000 principal amount of notes; otherwise, 1.1429% loss for every 1% that index declines beyond 12.5%
Initial index level:	2,584.62
Pricing date:	Nov. 9
Settlement date:	Nov. 16
Underwriter:	UBS Securities LLC
Fees:	None
Cusip:	90270KPA1

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