New Issue: UBS sells $601,000 5.55% trigger yield securities due 2021 on indexes

By Sarah Lizee

Olympia, Wash., Oct. 17 – UBS AG, London Branch priced $601,000 of 5.55% trigger yield securities due Oct. 15, 2021 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par plus the final coupon unless any index closes below its trigger level, 60% of its initial level, in which case investors will be exposed to the decline of the worst-performing index.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield securities
Underlying indexes:	Euro Stoxx 50, Russell 2000 and S&P 500
Amount:	$601,000
Maturity:	Oct. 15, 2021
Coupon:	5.55%, payable quarterly
Price:	Par
Payout at maturity:	If each index finishes at or above trigger level, par; otherwise, 1% loss for every 1% that least-performing index’s final level is below initial level
Initial levels:	1,546.679 for Russell, 2,767.13 for S&P and 3,194.41 for Stoxx
Trigger levels:	928.007 for Russell, 1,660.28 for S&P and 1,916.65 for Stoxx; 60% of initial levels
Pricing date:	Oct. 12
Settlement date:	Oct. 17
Agents:	UBS Securities LLC with Morgan Stanley Wealth Management handling distribution
Fees:	2.25%
Cusip:	90270KUR8

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