New Issue: UBS prices $12.45 million of leveraged buffered notes tied to S&P 500

By Susanna Moon

Chicago, Oct. 30 – UBS AG, London Branch priced $12.45 million of 0% leveraged buffered notes due Dec. 21, 2020 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 1.6 times any index gain, up to a maximum settlement amount of $1,264 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 15% and will be fully exposed to any losses if it falls beyond the geared buffer.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$12,454,000
Maturity:	Dec. 21, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 160% of any index gain, capped at 26.4%; par if index falls by up to 15%; 1.1765% loss for each 1% decline beyond 15%
Initial level:	2,809.21
Barrier level:	2,387.8285, 85% of initial level
Pricing date:	Oct. 17
Settlement date:	Oct. 24
Agent:	UBS Securities LLC
Fees:	None
Cusip:	90270KUW7

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