New Issue: UBS prices $132,000 trigger performance notes on iShares Russell ETF

By Marisa Wong

Morgantown, W.Va., May 11 – UBS AG, London Branch priced $132,000 of 0% trigger performance securities due Feb. 10, 2020 linked to the iShares Russell 2000 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 103.754914% 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
Underlying ETF:	iShares Russell 2000
Amount:	$132,000
Maturity date:	Feb. 10, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund gains, par plus 103.754914% of return; if fund falls but not below trigger level, par; otherwise, full exposure to any losses
Initial price:	$111.64
Trigger level:	$66.98, 60% of initial price
Pricing date:	May 3
Settlement date:	May 6
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3%
Cusip:	90275W132

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