New Issue: UBS prices $350,000 trigger performance notes on Bloomberg CMCI

By Marisa Wong

Madison, Wis., Nov. 3 – UBS AG, London Branch priced $350,000 of 0% trigger performance securities due Oct. 31, 2024 linked to the UBS Bloomberg Constant Maturity Commodity Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 145% of the index return.

If the index return is zero or negative and the index’s final level is equal to or greater than the trigger level, 50% of the initial level, the payout will be par.

If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger performance securities
Underlying index:	UBS Bloomberg Constant Maturity Commodity Index Excess Return
Amount:	$350,000
Maturity:	Oct. 31, 2024
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If index return is positive, par plus 145% of index return; if index return is zero or negative and index’s final level is equal to or greater than trigger level, par; if final level is less than trigger level, full exposure to decline in index from initial level
Initial index level:	1,066.872
Trigger level:	533.436, 50% of initial level
Pricing date:	Oct. 28
Settlement date:	Oct. 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	5%
Cusip:	90274B279

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