New Issue: UBS prices $8 million capped airbag gears due 2019 tied to S&P 500

By Sarah Lizee

Olympia, Wash., Nov. 12 – UBS AG London Branch priced $8 million of 0% capped airbag gears due Dec. 10, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum gain of 13.5%. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

UBS Investment Bank and UBS Financial Services Inc. are the agents.

Issuer:	UBS AG London Branch
Issue:	Capped airbag gears
Underlying index:	S&P 500
Amount:	$8 million
Maturity:	Dec. 10, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times index return, subject to a maximum gain of 13.5%; par if index falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
Initial level:	2,755.45
Downside threshold:	2,479.91, 90% of initial level
Pricing date:	Nov. 7
Settlement date:	Nov. 9
Agents:	UBS Investment Bank and UBS Financial Services Inc.
Fees:	0.5%
Cusip:	90281B502

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