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Published on 5/14/2019 in the Prospect News Structured Products Daily.

New Issue: UBS prices $4.64 million trigger absolute return notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 14 – UBS AG, London Branch priced $4.64 million of 0% capped trigger absolute return securities due Aug. 12, 2020 linked to the S&P 500 index, 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 the index return, subject to a maximum upside return of 7%.

If the index return is zero or negative and the final index level is greater than or equal to the downside threshold, 79% of the initial level, the payout will be par plus the absolute value of the index return.

If the final index level is less than the downside threshold, investors will lose 1% for every 1% that the index declines from its initial level.

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

Issuer:UBS AG, London Branch
Issue:Capped trigger absolute return notes
Underlying index:S&P 500
Amount:$4.64 million
Maturity:Aug. 12, 2020
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus index return, subject to 7% maximum upside return; if index return is zero or negative and final index level is greater than or equal to downside threshold, par plus absolute value of index return; if final index level is less than downside threshold, 1% loss for every 1% that index declines from initial level
Initial level:2,881.40
Trigger level:2,276.31, or 79% of initial level
Trade date:May 10
Settlement date:May 15
Agents:UBS Financial Services Inc. and UBS Investment Bank
Fees:1.5%
Cusip:90281D219

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