UBS plans dual directional trigger PLUS tied to light sweet crude

By Susanna Moon

Chicago, Aug. 21 – UBS AG, London Branch plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Dec. 4, 2019 linked to the Relevant Nearby Nymex-Traded Light Sweet Crude Oil (WTI) futures contract, according to a 424B2 filed with the Securities and Exchange Commission.

If the price of crude finishes above its initial level, the payout at maturity will be par plus 200% of the gain up to a maximum return of 24.4%.

If crude falls by up to its 80% trigger level, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

The notes will price on Aug. 31.

The Cusip number is 90270KTM1.

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