New Issue: UBS prices $3.35 million capped leveraged buffered notes on S&P 500

By Sarah Lizee

Olympia, Wash., April 26 – UBS AG, London Branch priced $3.35 million of 0% capped leveraged notes due Oct. 28, 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 400% of any index gain, up to a maximum settlement amount of $1,157.60 per $1,000 of notes.

Investors will lose 1% for each 1% decline.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Capped leveraged notes
Underlying index:	S&P 500
Amount:	$3,352,000
Maturity:	Oct. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 400% of any index gain, subject to maximum settlement amount of $1,157.60 per $1,000 of notes; 1% loss for each 1% decline
Initial level:	2,927.25
Pricing date:	April 24
Settlement date:	May 1
Agent:	UBS Securities LLC
Fees:	1.67%
Cusip:	90270KB73

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