New Issue: UBS prices $11.77 million digital geared buffered notes tied to S&P 500

By Susanna Moon

Chicago, Nov. 28 – UBS AG, London Branch priced $11.77 million of 0% digital notes due Nov. 5, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 85% threshold, the payout at maturity will be the maximum settlement amount of $1,145 for each $1,000 principal amount.

Otherwise, investors 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:	Digital notes
Underlying index:	S&P 500
Amount:	$11.77 million
Maturity:	Nov. 5, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 15%, par plus 14.5%; otherwise, 1.1765% loss for each 1% decline beyond 15%
Initial level:	2,813.89
Barrier level:	2,391.8065, 85% of initial level
Pricing date:	Nov. 7
Settlement date:	Nov. 15
Agent:	UBS Securities LLC
Fees:	None
Cusip:	90270KVF3

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