New Issue: UBS sells $1.01 million capped buffer participation securities on S&P 500

Chicago, Dec. 20 – UBS AG, London Branch priced $1.01 million of 0% capped buffer participation securities due June 1, 2021 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, capped at par plus 11.5%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond the 10% buffer.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Capped buffer participation securities
Underlying index:	S&P 500
Amount:	$1,011,000
Maturity:	June 1, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at par plus 11.5%; par if the index falls by up to 10%; 1% loss for every 1% decline beyond the 10% buffer
Initial index level:	3,110.29
Buffer level:	2,799.26, 90% of initial level
Pricing date:	Nov. 22
Settlement date:	Nov. 29
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	1.5%
Cusip:	90270KS34

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