Bond UBSL 12.5% ( US90281F2487 ) in USD

Issuer UBSL
Market price 100 %  ▲ 
Country  Switzerland
ISIN code  US90281F2487 ( in USD )
Interest rate 12.5% per year ( payment 2 times a year)
Maturity 27/05/2021 - Bond has expired



Prospectus brochure of the bond UBS (London Branch) US90281F2487 in USD 12.5%, expired


Minimal amount 1 000 USD
Total amount 8 750 000 USD
Cusip 90281F248
Standard & Poor's ( S&P ) rating N/A
Moody's rating N/A
Detailed description UBS London Branch operates as a significant subsidiary of UBS Group AG, providing a wide range of investment banking, wealth management, and asset management services to clients in the UK and internationally.

The Bond issued by UBSL ( Switzerland ) , in USD, with the ISIN code US90281F2487, pays a coupon of 12.5% per year.
The coupons are paid 2 times per year and the Bond maturity is 27/05/2021







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424B2 1 ub54352691-424b2.htm PS - NOVEMBER 22 BA GE WOF CIAS MS (US90281F2487) 5281

November 2019
Pricing Supplement
Dated November 22, 2019
Registration Statement No. 333-225551
Filed pursuant to Rule 424(b)(2)
(To Prospectus dated October 31, 2018
and Product Supplement dated October 31, 2018)
STRUCTURED INVESTMENTS
Opportunities in U.S. Equities
Contingent Income Auto-Callable Securities due May 27, 2021
$8,749,500 Based on the worst performing of the common stock of The Boeing Company and the common stock of General
Electric Company
Contingent Income Auto-Cal able Securities (the "securities") offer the opportunity for investors to earn a contingent payment with respect to each
determination date on which the closing price of each underlying equity is equal to or greater than 60% of its initial price, which we refer to as its coupon
barrier level. If the closing price of any underlying equity is less than its coupon barrier level on a determination date, you wil not receive any contingent
payment for that determination date. As a result, investors must be wil ing to accept the risk of not receiving any contingent payments during the term of
the securities. In addition, if the closing prices of all of the underlying equities are equal to or greater than their respective cal threshold levels on any
determination date other than the final determination date, the securities wil be automatical y redeemed for an amount per security equal to (i) the stated
principal amount plus (i ) the contingent payment otherwise payable with respect to the related determination date. If, however, on any determination date
the closing price of any underlying equity is less than its cal threshold level, the securities wil not be redeemed. Furthermore, if the final price of any
underlying equity is less than its downside threshold level on the final determination date, UBS wil pay you a cash payment per security that wil be less
than the stated principal amount, if anything, resulting in a percentage loss that is equal to the underlying return of the underlying equity with the lowest
underlying return as compared to any other underlying equities (the "worst performing underlying equity") over the term of the securities and, in extreme
situations, you could lose al of your initial investment. Accordingly, the securities do not guarantee any return of principal at maturity. Investors wil not
participate in any appreciation of the underlying equities. Because al payments on the securities are based on the worst performing underlying equity, a
decline beyond the respective coupon barrier level and/or downside threshold level, as applicable, of any underlying equity wil result in few or no
contingent payments and/or a loss of a significant portion and, in extreme situations, al of your initial investment even if the other underlying equity
appreciates or has not declined as much. These securities are for investors who are willing to risk their initial investment and seek an opportunity
to earn interest at a potentially above-market rate in exchange for the risk of receiving no interest over the entire approximately 3 year term of
the securities. The securities are unsubordinated, unsecured debt obligations issued by UBS AG, and all payments on the securities are
subject to the credit risk of UBS AG.
SUMMARY TERMS

Issuer:
UBS AG London Branch
Underlying equities:
Common stock of The Boeing Company (Bloomberg Ticker: "BA")
Common stock of General Electric Company (Bloomberg Ticker: "GE")
Aggregate principal
$8,749,500
amount:
Stated principal
$10.00 per security
amount:
Issue price:
$10.00 per security (see "Commissions and issue price" below)
Pricing date:
November 22, 2019
Original issue date:
November 27, 2019. We expect to deliver the securities against payment on the third business day fol owing the pricing date.
Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market general y are required
to settle in two business days (T+2), unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish
to trade the securities in the secondary market on any date prior to two business days before delivery of the securities wil be
required, by virtue of the fact that each security initial y wil settle in three business days (T+3), to specify alternative settlement
arrangements to prevent a failed settlement of the secondary market trade.
Maturity date:
May 27, 2021, subject to postponement for certain market disruption events and as described under "General Terms of the
Securities -- Market Disruption Events" and "-- Payment Dates -- Maturity Date" in the accompanying product supplement.
Early redemption:
If, on any determination date other than the final determination date, the closing prices of all of the underlying equities are equal
to or greater than their respective cal threshold levels, the securities wil be automatical y redeemed for an early redemption
amount on the first contingent payment date immediately fol owing the related determination date.
Early redemption
The early redemption amount wil be an amount equal to (i) the stated principal amount plus (i ) any contingent payment
amount:
otherwise payable with respect to the related determination date.
Contingent payment:
§
If the closing prices of all of the underlying equities are equal to or greater than their respective coupon barrier levels on
any determination date, we wil pay a contingent payment of $0.3125 (equivalent to 12.50% per annum of the stated
principal amount) per security on the related contingent payment date.

§
If the closing price of any underlying equity is less than its respective coupon barrier level on any determination date, we
wil not pay a contingent payment with respect to that determination date.
Determination dates:
February 24, 2020, May 22, 2020, August 24, 2020, November 23, 2020, February 22, 2021 and May 24, 2021, subject to
postponement for non-trading days and certain market disruption events (as described under "General Terms of the Securities
-- Valuation Dates", " -- Final Valuation Date" and "-- Market Disruption Events" in the accompanying product supplement). We
also refer to May 24, 2021 as the final determination date.
Contingent payment
Three business days fol owing the applicable determination date, except that the contingent payment date for the final
dates:
determination date wil be the maturity date.
Payment at maturity:
§
If the final prices of all of the underlying equities (i) the stated principal amount plus (i ) any contingent payment
are equal to or greater than their respective otherwise payable on the maturity date.
downside threshold levels:

§
If the final price of any underlying equity is less a cash payment that is less than the stated principal amount, if
than its downside threshold level:
anything, resulting in a percentage loss that is equal to the
underlying return of the worst performing underlying equity, for an
amount equal to (i) the stated principal amount plus (i ) the stated
principal amount times the underlying return of the worst performing
underlying equity.
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Underlying return:
The quotient, expressed as a percentage of the fol owing formula: (final price - initial price) / initial price
Initial price:
$371.34, which is the closing price of the common stock of The Boeing Company on the pricing date
$11.55, which is the closing price of the common stock of General Electric Company on the pricing date
The initial price of each underlying equity may be adjusted in the case of certain adjustment events as described under "General
Terms of the Securities -- Antidilution Adjustments for Securities Linked to an Underlying Equity or Equity Basket Asset" and "--
Reorganization Events for Securities Linked to an Underlying Equity or Equity Basket Asset" in the accompanying product
supplement.
Worst performing
The underlying equity with the lowest underlying return as compared to any other underlying equity
underlying equity:
Call threshold level:
$371.34, which is equal to 100% of the initial price of the common stock of The Boeing Company
$11.55, which is equal to 100% of the initial price of the common stock of General Electric Company
The cal threshold level of each underlying equity may be adjusted in the case of certain adjustment events as described under
"General Terms of the Securities -- Antidilution Adjustments for Securities Linked to an Underlying Equity or Equity Basket
Asset" and "-- Reorganization Events for Securities Linked to an Underlying Equity or Equity Basket Asset" in the accompanying
product supplement.
Coupon barrier level:
$222.80, which is equal to 60% of the initial price of the common stock of The Boeing Company
$6.93, which is equal to 60% of the initial price of the common stock of General Electric Company
The coupon barrier level of each underlying equity may be adjusted in the case of certain adjustment events as described under
"General Terms of the Securities -- Antidilution Adjustments for Securities Linked to an Underlying Equity or Equity Basket
Asset" and "-- Reorganization Events for Securities Linked to an Underlying Equity or Equity Basket Asset" in the accompanying
product supplement.
Downside threshold
$222.80, which is equal to 60% of the initial price of the common stock of The Boeing Company
level:
$6.93, which is equal to 60% of the initial price of the common stock of General Electric Company
The downside threshold level of each underlying equity may be adjusted in the case of certain adjustment events as described
under "General Terms of the Securities -- Antidilution Adjustments for Securities Linked to an Underlying Equity or Equity
Basket Asset" and "-- Reorganization Events for Securities Linked to an Underlying Equity or Equity Basket Asset" in the
accompanying product supplement.
Final Price:
The closing price of each underlying equity on the final determination date
CUSIP / ISIN:
90281F248 / US90281F2487
Listing:
The securities wil not be listed or displayed on any securities exchange or any electronic communications network.
Calculation Agent:
UBS Securities LLC
Commissions and

Price to Public(1)
Fees and Commissions(1)
Proceeds to Issuer
issue level:
Per security

100.00%
1.50%(a)
98.00%



+ 0.50%(b)




2.00%

Total

$8,749,500.00
$174,990.00
$8,574,510.00







(1)
UBS Securities LLC has agreed to purchase from UBS AG the securities at the price to public less a fee of $0.20 per $10.00 stated principal
amount of securities. UBS Securities LLC has agreed to resel al of the securities to Morgan Stanley Smith Barney LLC ("Morgan Stanley
Wealth Management") at an underwriting discount which reflects:

(a)
a fixed sales commission of $0.15 per $10.00 stated principal amount of securities that Morgan Stanley Wealth Management sel s and

(b)
a fixed structuring fee of $0.05 per $10.00 stated principal amount of securities that Morgan Stanley Wealth Management sel s,

each payable to Morgan Stanley Wealth Management. See "Supplemental information regarding plan of distribution (conflicts of interest) ;
secondary markets (if any)".
The estimated initial value of the securities as of the pricing date is $9.728. The estimated initial value of the securities was determined as of the close of
the relevant markets on the date hereof by reference to UBS' internal pricing models, inclusive of the internal funding rate. For more information about
secondary market offers and the estimated initial value of the securities, see "Risk Factors -- Fair value considerations" and "-- Limited or no secondary
market and secondary market price considerations" on pages 11 and 12 of this document.
The securities involve risks not associated with an investment in ordinary debt securities. See "Risk Factors" beginning on page 10.
Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed
upon the accuracy or adequacy of this document, the accompanying product supplement or the accompanying prospectus. Any representation
to the contrary is a criminal offense.
The securities are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency.
You should read this document together with the accompanying product supplement and the accompanying prospectus, each of which can be
accessed via the hyperlinks below, before you decide to invest.
Product supplement dated October 31, 2018
Prospectus dated October 31, 2018

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Contingent Income Auto-Cal able Securities due May 27, 2021
$8,749,500 Based on the worst performing of the common stock of The Boeing Company and the common stock of General Electric Company
Additional Information about UBS and the Securities
UBS AG ("UBS") has filed a registration statement (including a prospectus as supplemented by a product supplement) with the Securities
and Exchange Commission (the "SEC") for the securities to which this document relates. Before you invest, you should read these
documents and any other documents relating to this offering that UBS has filed with the SEC for more complete information about UBS
and this offering. You may obtain these documents for free from the SEC website at www.sec.gov. Our Central Index Key, or CIK, on the
SEC web site is 0001114446.
You may access these documents on the SEC website at www.sec.gov as follows:
Prospectus dated October 31, 2018:
http://www.sec.gov/Archives/edgar/data/1114446/000119312518314003/d612032d424b3.htm
Product supplement dated October 31, 2018:
http://www.sec.gov/Archives/edgar/data/1114446/000091412118002085/ub47016353-424b2.htm
References to "UBS", "we", "our" and "us" refer only to UBS AG and not to its consolidated subsidiaries. In this document, the "securities"
refers to the Contingent Income Auto-Callable Securities that are offered hereby. Also, references to the "accompanying prospectus"
mean the UBS prospectus titled "Debt Securities and Warrants", dated October 31, 2018 and references to the "accompanying product
supplement" mean the UBS product supplement titled "Market-Linked Securities Product Supplement", dated October 31, 2018.
You should rely only on the information incorporated by reference or provided in this document, the accompanying product supplement or
the accompanying prospectus. We have not authorized anyone to provide you with different information. We are not making an offer of
these securities in any state where the offer is not permitted. You should not assume that the information in this document, the
accompanying product supplement or the accompanying prospectus is accurate as of any date other than the date on the front of the
document.
UBS reserves the right to change the terms of, or reject any offer to purchase, the securities prior to their issuance. In the event of any
changes to the terms of the securities, UBS will notify you and you will be asked to accept such changes in connection with your
purchase. You may also choose to reject such changes in which case UBS may reject your offer to purchase.
In the event of any discrepancies between this document, the accompanying product supplement and the accompanying prospectus, the
following hierarchy will govern: first, this document; second, the accompanying product supplement; and finally, the accompanying
prospectus.
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Contingent Income Auto-Cal able Securities due May 27, 2021
$8,749,500 Based on the worst performing of the common stock of The Boeing Company and the common stock of General Electric Company
Investment Summary
The Contingent Income Auto-Callable Securities due May 27, 2021 based on the worst performing of the common stock of The Boeing
Company and the common stock of General Electric Company, which we refer to as the securities, provide an opportunity for investors to
earn a contingent payment, which will be an amount equal to $0.3125 (equivalent to 12.50% per annum of the stated principal amount)
per security, with respect to each determination date on which the closing prices of all of the underlying equities are equal to or greater
than 60% of their respective initial prices, which we refer to as the coupon barrier levels. The contingent payment, if any, will be payable
on the relevant contingent payment date, which is the third business day after the related determination date, except that the contingent
payment date for the final determination date will be the maturity date. It is possible that the closing prices of one or more of the
underlying equities could remain less than their respective coupon barrier levels for extended periods of time or even throughout the term
of the securities so that you may receive few or no contingent payments.
If the closing prices of all of the underlying equities are equal to or greater than their respective call threshold levels on any of the
determination dates other than the final determination date, the securities will be automatically redeemed for an early redemption amount
equal to (i) the stated principal amount plus (ii) any contingent payment otherwise payable with respect to the related determination date.
If the securities have not previously been redeemed and the final prices of all of the underlying equities are equal to or greater than their
respective downside threshold levels and coupon barrier levels, the payment due at maturity will be (i) the stated principal amount plus
(ii) any contingent payment otherwise payable with respect to the final determination date. If, however, the securities are not redeemed
prior to maturity and the final price of any underlying equity is less than its respective downside threshold level, the payment due at
maturity will be a cash payment that is less than the stated principal amount, if anything, resulting in a percentage loss that is equal to the
underlying return of the worst performing underlying equity, for an amount equal to (i) the stated principal amount plus (ii) the stated
principal amount times the underlying return of the worst performing underlying equity. The value of such cash payment will be less than
60% of the stated principal amount of the securities and could be zero. Investors in the securities must be willing to accept the risk of
losing a significant portion and, in extreme situations, all of their initial investment and also the risk of not receiving any contingent
payments. In addition, investors will not participate in any appreciation of the underlying equities.

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Contingent Income Auto-Cal able Securities due May 27, 2021
$8,749,500 Based on the worst performing of the common stock of The Boeing Company and the common stock of General Electric Company
Key Investment Rationale
The securities offer the opportunity for investors to earn a contingent payment equal to $0.3125 (equivalent to 12.50% per annum of the
stated principal amount) per security, with respect to each determination date on which the closing prices of all of the underlying equities
are equal to or greater than 60% of their respective initial prices, which we refer to as the coupon barrier levels. The securities may be
redeemed prior to maturity for an early redemption amount equal to (i) the stated principal amount per security plus (ii) any contingent
payment otherwise payable with respect to the related determination date. The payment at maturity will vary depending on the final
prices, as follows:
Scenario 1

On any determination date other than the final determination date, the closing prices of all of the
underlying equities are equal to or greater than their respective call threshold levels.


§
The securities will be automatically redeemed for an early redemption amount equal to (i) the stated
principal amount plus (ii) any contingent payment otherwise payable with respect to the related
determination date.
§
Investors will not participate in any appreciation of the underlying equities from their respective initial
prices.



Scenario 2

The securities are not automatically redeemed prior to maturity and the final prices of all of the
underlying equities are equal to or greater than their respective downside threshold levels and coupon
barrier levels on the final determination date.


§
The payment due at maturity will be (i) the stated principal amount plus (ii) any contingent payment
otherwise payable on the maturity date.
§
Investors will not participate in any appreciation of the underlying equities from their respective initial
prices.



Scenario 3

The securities are not automatically redeemed prior to maturity and the final price of any underlying
equity is less than its respective downside threshold level and coupon barrier level.


§
The payment due at maturity will be a cash payment that is less than the stated principal amount, if
anything, resulting in a percentage loss that is equal to the underlying return of the worst performing
underlying equity, for an amount equal to (i) the stated principal amount plus (ii) the stated principal
amount times the underlying return of the worst performing underlying equity.
§
Investors will lose a significant portion and, in extreme situations, all of their initial investment
in this scenario.
Investing in the securities involves significant risks. You may lose a significant portion and, in extreme situations, all of your
initial investment. Any payment on the securities, including payments in respect of an early redemption, contingent payment or
any repayment of principal provided at maturity, is dependent on the ability of UBS to satisfy its obligations when they come
due. If UBS is unable to meet its obligations, you may not receive any amounts due to you under the securities and you could
lose all of your initial investment.
The securities will not pay a contingent payment on a contingent payment date (including the maturity date) if the closing price
of any underlying equity is less than its respective coupon barrier level on the related determination date. The securities will
not be subject to an early redemption if the closing price of any underlying equity is less than its respective call threshold level
on a determination date. If the securities are not redeemed prior to the final determination date, you will lose a significant
portion and, in extreme situations, all of your initial investment at maturity if the final price of any underlying equity is less than
its respective downside threshold level.

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Contingent Income Auto-Cal able Securities due May 27, 2021
$8,749,500 Based on the worst performing of the common stock of The Boeing Company and the common stock of General Electric Company
Investor Suitability
The securities may be suitable for you if:
§ You fully understand the risks of an investment in the securities, including the risk of loss of all of your initial investment.
§ You can tolerate a loss of a significant portion or all of your initial investment and are willing to make an investment that may have
the same downside market risk as an investment in the worst performing of the underlying equities.
§ You understand and accept that an investment in the securities is linked to the worst performing underlying equity and not a basket
of the underlying equities and that you will be exposed to the market risk of each underlying equity on each determination date.
§ You believe that the closing price of each underlying equity will be equal to or greater than its coupon barrier level on each
determination date.
§ You believe that the final price of each underlying equity will be equal to or greater than its downside threshold level on the final
determination date.
§ You accept that the risks of each underlying equity are not mitigated by the performance of any other underlying equity and the risks
of investing in securities with a return based on the worst performing underlying equity.
§ You understand and accept that you will not participate in any appreciation in the price of the underlying equities and that any
potential positive return is limited to the contingent payments.
§ You can tolerate fluctuations in the price of the securities prior to maturity that may be similar to or exceed the downside level
fluctuations of the underlying equities.
§ You are willing to invest in the securities based on the call threshold levels, coupon barrier levels, downside threshold levels and
contingent payment specified on the cover hereof.
§ You are willing to forgo any dividends paid on the underlying equities and you do not seek guaranteed current income from this
investment.
§ You are willing to invest in securities that may be redeemed prior to the maturity date and you are otherwise willing to hold such
securities to maturity, a term of approximately 18 months, and accept that there may be little or no secondary market.
§ You understand and are willing to accept the single equity risk associated with the securities and the risks associated with the
underlying equities.
§ You are willing to assume the credit risk of UBS for all payments under the securities, and understand that if UBS defaults on its
obligations you may not receive any amounts due to you including any repayment of principal.
§ You understand that the estimated initial value of the securities determined by our internal pricing models is lower than the issue
price and that, should UBS Securities LLC or any affiliate make secondary markets for the securities, the price (not including their
customary bid-ask spreads) will temporarily exceed the internal pricing model price.
The securities may not be suitable for you if:
§ You do not fully understand the risks of an investment in the securities, including the risk of loss of all of your initial investment.
§ You require an investment designed to provide a full return of principal at maturity.
§ You cannot tolerate a loss of a significant portion or all of your initial investment, or you are not willing to make an investment that
may have the same downside market risk as an investment in the worst performing of the underlying equities.
§ You do not understand or cannot accept that an investment in the securities is linked to the worst performing underlying equity and
not a basket of the underlying equities and that you will be exposed to the market risk of each underlying equity on each
determination date
§ You believe that the closing price of any underlying equity will decline during the term of the securities and is likely to close below its
coupon barrier level on each determination date.
§ You believe that the final price of any underlying equity is likely to close below its downside threshold level on the final determination
date.
§ You cannot accept that the risks of each underlying equity are not mitigated by the performance of any other underlying equity and
the risks of investing in securities with a return based on the worst performing underlying equity.
§ You seek an investment that participates in the full appreciation in the price of the underlying equities or that has unlimited return
potential.
§ You cannot tolerate fluctuations in the price of the securities prior to maturity that may be similar to or exceed the downside
fluctuations of the underlying equities.
§ You are unwilling to invest in the securities based on the call threshold levels, coupon barrier levels, downside threshold levels or
contingent payment specified on the cover hereof.
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§ You prefer to receive the dividends paid on the underlying equities or you seek guaranteed current income from this investment.
§ You are unable or unwilling to hold securities that may be redeemed prior to the maturity date, or you are otherwise unable or
unwilling to hold such securities to maturity, a term of approximately 18 months, or you seek an investment for which there will be an
active secondary market.
§ You do not understand and are not willing to accept the single equity risk associated with the securities or the risks associated with
the underlying equities.
§ You are not willing to assume the credit risk of UBS for all payments under the securities, including any repayment of principal.

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Contingent Income Auto-Cal able Securities due May 27, 2021
$8,749,500 Based on the worst performing of the common stock of The Boeing Company and the common stock of General Electric Company
How the Securities Work
The following diagrams illustrate the potential outcomes for the securities depending on (1) the closing prices and (2) the final prices.
Diagram #1: Determination Dates Other Than the Final Determination Date
Diagram #2: Payment at Maturity if No Automatic Early Redemption Occurs
For more information about the payout upon an early redemption or at maturity in different hypothetical scenarios, see "Hypothetical
Examples" beginning on the following page.

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Contingent Income Auto-Cal able Securities due May 27, 2021
$8,749,500 Based on the worst performing of the common stock of The Boeing Company and the common stock of General Electric Company
Hypothetical Examples
The below examples are based on the following terms and are purely hypothetical (the actual terms of your security are specified on the
cover hereof):
Hypothetical Initial Price:
$350.00
Underlying Equity A:
$10.00
Underlying Equity B:
Hypothetical Call Threshold Level:
$350.00, which is 100% of the initial price
Underlying Equity A:
$10.00, which is 100% of the initial price
Underlying Equity B:
Hypothetical Coupon Barrier Level:
$210.00, which is 60% of the initial price
Underlying Equity A:
$6.00, which is 60% of the initial price
Underlying Equity B:
Hypothetical Downside Threshold Level:
$210.00, which is 60% of the initial price
Underlying Equity A:
$6.00, which is 60% of the initial price
Underlying Equity B:
Hypothetical Contingent Payment:*
$0.3125 per security (equivalent to 12.50% per
annum of the stated principal amount)
Stated Principal Amount:
$10.00 per security
In Examples 1 and 2, the closing prices of the underlying equities fluctuate over the term of the securities and the closing prices of the
underlying equities are equal to or greater than their respective hypothetical call threshold levels on one of the first four determination
dates. Because the closing prices of the underlying equities are equal to or greater than their respective call threshold levels on one of
the first four determination dates, the securities are automatically redeemed on the related contingent payment date. In Examples 3 and
4, the closing price of at least one underlying equity on each of the determination dates is less than its respective call threshold level and,
consequently, the securities are not automatically redeemed prior to, and remain outstanding until, maturity.

Example 1
Example 2
Determination
Hypothetical
Hypothetical
Contingent
Early
Hypothetical
Hypothetical
Contingent
Early
Dates
Closing
Closing
Payment
Redemption
Closing
Closing
Payment
Redemption
Price
Price
Amount
Price
Price
Amount
Underlying
Underlying
Underlying
Underlying
Equity A
Equity B
Equity A
Equity B
#1
$400.00
$13.00
--*
$10.3125
$300.00
$14.00
$0.3125
N/A
(at or
(at or
(at or
(at or
above
above
above
above
coupon
coupon
coupon
coupon
barrier level
barrier level
barrier level;
barrier level
and call
and call
below call
and call
threshold
threshold
threshold
threshold
level)
level)
level)
level)
#2 - #3
N/A
N/A
N/A
N/A
Various
Various
$0
N/A
(all at or
(all below
above
coupon
coupon
barrier level
barrier level;
and call
below call
threshold
threshold
level)
level)
#4
N/A
N/A
N/A
N/A
$420.00
$12.00
--*
$10.3125
(at or
(at or
above
above
coupon
coupon
barrier level
barrier level
and call
and call
threshold
threshold
level)
level)
#5
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
https://www.sec.gov/Archives/edgar/data/1114446/000091412119003224/ub54352691-424b2.htm
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https://www.sec.gov/Archives/edgar/data/1114446/000091412119003224/ub54352691-424b2.htm
Final
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Determination
Date
Payment at
N/A
N/A
Maturity
*
The early redemption amount includes any unpaid contingent payment with respect to the determination date on which the closing
prices for the underlying equities are equal to or greater than their respective call threshold levels and the securities are redeemed
as a result.

November 2019
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