By Marisa Wong
Morgantown, W.Va., May 18 – UBS AG, London Branch priced $3.4 million of 0% trigger performance securities due May 19, 2021 linked to the SPDR S&P 500 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 119.514973% of any fund gain.
If the fund return is zero or negative but the fund finishes at or above the 60% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger performance securities
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| Underlying ETF: | SPDR S&P 500 ETF trust
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| Amount: | $3.4 million
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| Maturity date: | May 19, 2021
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | If fund gains, par plus 119.514973% of return; if fund falls but not below trigger level, par; otherwise, full exposure to any losses
|
| Initial price: | $206.55
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| Trigger level: | $123.93, 60% of initial price
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| Pricing date: | May 12
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| Settlement date: | May 17
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3.5%
|
| Cusip: | 90275W470
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