New Issue: UBS prices $201,000 trigger performance notes linked to Verizon

By Angela McDaniels

Tacoma, Wash., Nov. 20 – UBS AG, London Branch priced $201,000 of 0% trigger performance securities due Nov. 26, 2021 linked to the common stock of Verizon Communications Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 215.503392% of the stock’s return. Investors will receive par if the final share price is less than the initial share price but greater than or equal to the trigger level, 75% of the initial share price. If the final share price is less than the trigger level, investors will lose 1% for every 1% that the final share price is less than the initial share price.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger performance securities
Underlying stock:	Verizon Communications Inc. (NYSE: VZ)
Amount:	$201,000
Maturity date:	Nov. 26, 2021
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If final share price is greater than initial share price, par plus 215.503392% of stock’s return; par if final share price is less than initial share price but greater than or equal to trigger level; otherwise, 1% loss for every 1% that final share price is less than initial share price
Initial share price:	$46.20
Trigger level:	$34.65, 75% of initial price
Pricing date:	Nov. 20
Settlement date:	Nov. 22
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3%
Cusip:	90283H853

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