11.00% Pa EUR Kick-In GOAL
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11.00% p.a. EUR Kick-In GOAL Linked to worst of Generali / Intesa Sanpaolo / UniCredit With Early Redemption Feature Issued by UBS AG, London Branch Cash settled SVSP/EUSIPA Product Type: Barrier Reverse Convertible (1230, Auto-Callable) Valor: 41688494 / SIX Symbol: KBTQDU Barrier Touched Final Terms This Product does not represent a participation in any of the collective investment schemes pursuant to Art. 7 ff of the Swiss Federal Act on Collective Investment Schemes (CISA) and thus does not require an authorisation of the Swiss Financial Market Supervisory Authority (FINMA). Therefore, Investors in this Product are not eligible for the specific investor protection under the CISA. Moreover, Investors in this Product bear the issuer risk. This document (Final Terms) constitutes the Simplified Prospectus for the Product described herein; it can be obtained free of charge from UBS AG, P.O. Box, CH-8098 Zurich (Switzerland), via telephone (+41-(0)44-239 47 03), fax (+41- (0)44-239 69 14) or via e-mail ([email protected]). The relevant version of this document is stated in English; any translations are for convenience only. For further information please refer to paragraph «Product Documentation» under section 4 of this document. 1. Description of the Product Information on Underlying Underlying(s) Initial Underlying Strike Level Early Redemption Level Kick-In Level Conversion Ratio Level Assicurazioni Generali EUR 14.56 EUR 14.56 EUR 14.56 EUR 9.3184 1:68.6813 S.p.A. (100.00%) (100.00%) (64.00%) Bloomberg: G IM / Valor: 566030 Intesa Sanpaolo S.p.A. EUR 2.598 EUR 2.598 EUR 2.598 EUR 1.6627 1:384.9115 Bloomberg: ISP IM / (100.00%) (100.00%) (64.00%) Valor: 575913 UniCredit S.p.A EUR 14.696 EUR 14.696 EUR 14.696 EUR 9.4054 1:68.0457 Bloomberg: UCG IM / (100.00%) (100.00%) (64.00%) Valor: 35395118 Kick-In Level of UniCredit S.p.A has been breached on 09 August 2019. Product Details Security Numbers Valor: 41688494 / ISIN: CH0416884945 / WKN: UW4TEN SIX Symbol KBTQDU Issue Size up to EUR 3,000,000 (with reopening clause) Denomination / Nominal EUR 1,000 Issue Price 100% (percentage quotation) Settlement Currency EUR Quarterly Payment 11.00% p.a., paid quarterly in arrears. Coupon payment per Denomination will be EUR (Coupon) 27.50 on the relevant Coupon Payment Date(s). For Swiss tax purposes the Coupon payment is split into two components: Contact: UBS AG, P.O. Box, 8098 Zürich Private Investors: Please contact your client advisor or send an email to [email protected] Internet: www.ubs.com/keyinvest Product Hotline: +41-44-239 76 76* Investors outside of Switzerland should consult their local client advisors. Please note that calls made to the numbers marked with an asterisk (*) may be recorded. Should you call one of these numbers, we shall assume that you consent to this business practice. 2/7 Valor: 41688494 Final Terms 0.00% interest component 11.00% premium component Quoting Type Secondary market prices are quoted in percentage and clean; accrued interest is NOT included in the price. Dates Launch Date 28 May 2018 Pricing Date ("Pricing") 13 June 2018 First SIX Trading Date (anticipated) 20 June 2018 Payment Date (Issue Date) 20 June 2018 Observation Date(s) 13 December 2018, 13 March 2019, 13 June 2019, 13 September 2019 and 13 December 2019 (subject to Market Disruption Event provisions) Coupon Payment Date(s) 20 September 2018, 20 December 2018, 20 March 2019, 20 June 2019, 20 September 2019 and 20 December 2019 Last Trading Day/Time 13 December 2019 / 17:15 CET Expiration Date ("Expiry") 13 December 2019 (subject to Market Disruption Event provisions) Redemption Date 20 December 2019 (subject to Market Disruption Event provisions) Redemption The Investor is entitled to receive from the Issuer an amount in the Settlement Currency, according to the following scenarios: Scenario 1 If an Early Redemption Event has occurred, the product will be early redeemed at 100% of the Nominal in cash on the next Coupon Payment Date following the Early Redemption Event. Scenario 2 If NO Kick-In Event and NO Early Redemption Event has occurred, the Investor will receive 100% of the Nominal in cash on the Redemption Date. Scenario 3 If a Kick-In Event has occurred and NO Early Redemption Event has occurred and 1) If the Expiration Value of all Underlyings is at or above the respective Strike Level, the Investor will receive 100% of the Nominal in cash on the Redemption Date. 2) If the Expiration Value of one or more Underlyings is below the respective Strike Level, the Investor will receive an amount equivalent to the Expiration Value of the Underlying on the Redemption Date with the worst performance since the Pricing Date taking into account the relevant Conversion Ratio. The coupon payment is due in any case. Kick-In Event A Kick-In Event shall be deemed to occur if, at any time on any Exchange Business Day during the period from and including the Pricing Date to and including the Expiration Date, the level of any of the Underlyings quoted by the Related Exchange is at or below the respective Kick-In Level, as reasonably determined by the Calculation Agent. Expiration Value Official closing value of the Underlying on the Expiration Date on the Related Exchange, as determined by the Calculation Agent. Early Redemption Event An Early Redemption Event shall be deemed to occur if, on one of the Observation Dates the closing price of all Underlyings is at or above the Early Redemption Level, as reasonably determined by the Calculation Agent. In this case the product will be early redeemed on the next Coupon Payment Date following the Early Redemption Event. Product Structure The Kick-In GOAL worst-of style with Early Redemption is a product that provides a fixed coupon and the redemption is linked to the performance of the worst performing Underlying. As long as no Kick-In Event or an Early Redemption Event has occurred, the Investor will in any event receive 100% of the Nominal in cash. Otherwise, the Investor will receive - 100% of the Nominal in cash, if at Expiry all Underlyings close at or above the respective Strike Level; or - a value reflecting the performance of the worst performing Underlying, if at Expiry one or more Underlyings close below the Strike Level. Contact: UBS AG, P.O. Box, 8098 Zürich Private Investors: Please contact your client advisor or send an email to [email protected] Internet: www.ubs.com/keyinvest Product Hotline: +41-44-239 76 76* Investors outside of Switzerland should consult their local client advisors. Please note that calls made to the numbers marked with an asterisk (*) may be recorded. Should you call one of these numbers, we shall assume that you consent to this business practice. 3/7 Valor: 41688494 Final Terms The Coupon will be paid out in any scenario. The Product offers a relatively high coupon in return for not profiting from gains above the strike level and for taking the risk of a loss potential equivalent to a direct investment in the worst performing Underlying. In addition to a standard Worst-of Kick-In GOAL, this Worst-of Kick-In GOAL contains an early redemption feature: If the closing prices of all Underlyings are on any Observation Date at or above the Early Redemption Level, this Worst-of Kick-In GOAL will early redeem at 100% of the Nominal in cash. General Information Issuer UBS AG, Zurich and Basel, Switzerland, acting through its London Branch Issuer Rating Aa3 Moody's / A+ S&P's / AA- Fitch Issuer Supervisory Authority Swiss Financial Market Supervisory Authority (FINMA). London Branch additionally Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA). Jersey Branch additionally Jersey Financial Services Commission (JFSC). Lead Manager UBS AG, Zurich (UBS Investment Bank) Calculation Agent UBS AG, London Branch Paying Agent UBS Switzerland AG Related Exchange Assicurazioni Generali S.p.A. : Borsa Italiana S.p.A, Intesa Sanpaolo S.p.A. : Borsa Italiana S.p.A, UniCredit S.p.A : Borsa Italiana S.p.A Listing Listing on SIX Swiss Exchange will be applied for. Secondary Market The Issuer or the Lead Manager, as applicable, intends, under normal market conditions, to provide bid and/or offer prices for this Product on a regular basis. However, the Issuer or the Lead Manager, as applicable, makes no firm commitment to provide liquidity by means of bid and/or offer prices for this Product, and assumes no legal obligation to quote any such prices or with respect to the level or determination of such prices. Daily price indications, if any, will be available on Reuters/Bloomberg, www.ubs.com/keyinvest and SIX Financial Information from 09:15 - 17:15 (CET). Interest Calculation 30/360 Business Day Convention Following Unadjusted Business Day TARGET2 Minimum Investment EUR 1,000 (subject to Selling Restrictions) Minimum Trading Lot EUR 1,000 Clearing SIX SIS, Euroclear, Clearstream (registered as intermediated securities with SIX SIS AG, in Switzerland) Form of Deed Uncertificated Securities Governing Law / Jurisdiction Swiss / Zurich Adjustments The terms of the Product may be subject to adjustments during its lifetime. For clients outside of the United Kingdom, any changes with regard to the terms of this Product shall be published on the internet at www.ubs.com/keyinvest. Detailed information on such adjustments is to be found in the Product Documentation. Public Offering Switzerland Distribution Fee None Tax Treatment Switzerland Swiss Transfer Stamp Duty The product qualifies as a taxable security (bond). In principle secondary market transactions are subject to Swiss Stamp Duty.