New Issue: UBS prices $4.66 million trigger step performance notes linked to S&P 500

By Susanna Moon

Chicago, Sept. 30 – UBS AG, London Branch priced $4.66 million of 0% trigger step performance securities due Sept. 28, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the return and the step return of 21.07%.

Investors will receive par if the index falls by up to 20% and will be fully exposed to any losses if the index finishes below the 80% trigger level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger step performance securities
Underlying index:	S&P 500 index
Amount:	$4,664,900
Maturity:	Sept. 28, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus greater of 21.07% and the return; par if index falls by up to 20%; otherwise, full exposure to any losses
Initial level:	1,965.99
Trigger level:	1,572.79, 80% of initial price
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3%
Cusip:	90273L500

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