New Issue: UBS prices $650,000 trigger autocallable contingent yield notes on four stocks

By Kiku Steinfeld

Chicago, Oct. 17 – UBS AG, London Branch priced $650,000 of trigger autocallable contingent yield notes due Oct. 5, 2022 linked to the class C capital stock of Alphabet Inc., and the common stocks of Oracle Corp., Raytheon Co. and Wells Fargo & Co. according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at the rate of 11.55% per year if the shares of each stock close at or above the coupon barrier level, 60% of the initial share prices, on the observation date for that month.

The notes will be automatically called at par plus any coupon due if the shares of each stock close at or above its initial share price on any quarterly call observation date after six months.

If the notes are not called and the final share price of each stock is greater than or equal to the downside threshold level, 60% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than its initial share price.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes
Underlying stocks:	Alphabet Inc., Oracle Corp., Raytheon Co. and Wells Fargo & Co.
Amount:	$650,000
Maturity:	Oct. 5, 2022
Contingent coupon:	11.55%, payable monthly if each stock closes at or above coupon barrier level on observation date for that month
Price:	Par
Payout at maturity:	Par unless any stock finishes below downside threshold level, in which case 1% loss for each 1% decline of laggard stock from initial level
Call:	Automatically at par plus any coupon due if each stock closes at or above initial level on any quarterly call observation date after six months
Initial levels:	$1,219.00 for Alphabet, $55.03 for Oracle, $196.19 for Raytheon, $50.44 for Wells Fargo
Coupon barriers:	$731.40 for Alphabet, $33.02 for Oracle, $117.71 Raytheon, $30.26 for Wells Fargo; 60% of initial levels
Downside thresholds:	$731.40 for Alphabet, $33.02 for Oracle, $117.71 Raytheon, $30.26 for Wells Fargo; 60% of initial levels
Pricing date:	Sept. 30
Settlement date:	Oct. 3
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	3.25%
Cusip:	90270KN54

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