New Issue: UBS sells $12.34 million partial principal at risk notes on MSCI Europe

By Marisa Wong

Morgantown, W.Va., Nov. 7 – UBS AG, London Branch priced $12.34 million of 0% partial principal at risk securities due Nov. 4, 2020 tied to the MSCI Europe index, according to a 424B5 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.32 times any index gain.

If the index finishes flat or declines, investors will receive par plus the index return, subject to a minimum payout of $9.50 per note.

UBS Securities LLC is the agent with distribution through Morgan Stanley Wealth Management.

Issuer:	UBS AG, London Branch
Issue:	Partial principal at risk securities
Underlying index:	MSCI Europe
Amount:	$12,338,910
Maturity:	Nov. 4, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.32 times any index gain; if index falls, par plus the index return, subject to minimum payout of $9.50
Initial index level:	122.260
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	UBS Securities LLC with distribution through Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	90281B338

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