New Issue: UBS prices $2.03 million capped PLUS linked to S&P 500

By Sarah Lizee

Olympia, Wash., Sept. 18 – UBS AG, London Branch priced $2.03 million of 0% capped Performance Leverage Upside Securities due Jan. 5, 2021 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 of $10 plus three times the index return, subject to a maximum return of 14.04%. If the index return is negative, investors will be exposed to the index’s decline.

UBS Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.

Issuer:	UBS AG, London Branch
Issue:	Capped Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$2,029,330
Maturity:	Jan. 5, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 300% of index return, up to maximum return of 14.04%; if index return is negative, exposure to decline
Initial level:	3,550.11
Pricing date:	Sept. 13
Settlement date:	Sept. 18
Agent:	UBS Securities LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	2.25%
Cusip:	90281E225

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