New Issue: UBS sells $13.18 million dual directional trigger PLUS on crude oil

By Marisa Wong

Morgantown, W.Va., Sept. 24 – UBS AG, London Branch priced $13.18 million of 0% dual directional trigger Performance Leveraged Upside Securities due Dec. 4, 2019 based on the performance of the relevant nearby Nymex-traded light sweet crude oil (WTI) futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

If the final commodity price is greater than the initial price, the payout at maturity will be par plus double the gain, capped at par plus 25.1%.

If the commodity price falls by up to 20%, the payout will be par plus the absolute value of the asset return.

Otherwise, investors will be fully exposed to the decline in the commodity price.

UBS Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.

Issuer:	UBS AG, London Branch
Issue:	Dual directional trigger Performance Leveraged Upside Securities
Underlying asset:	Nymex-traded light sweet crude oil (WTI) futures contract
Amount:	$13,183,000
Maturity:	Dec. 4, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If the final price is greater than the initial price, par plus double the gain, capped at par plus 25.1%; if the price falls by up to 20%, par plus the absolute value of the return; otherwise, full exposure to losses
Initial price:	$69.80
Trigger price:	$55.84, 80% of initial price
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	UBS Securities LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	2.25%
Cusip:	90270KTM1

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