INVESTOR SUITABILITY
The notes may be suitable for you if:
♦You fully understand the risks inherent in an investment in the notes, including the risk of loss of your entire initial investment.
♦You can tolerate a loss of all or a substantial portion of your investment and are willing to make an investment that, if the notes are not automatically called, may have the full downside market risk of an investment in the underlier, subject to the buffer price.
♦You believe the official settlement price of the underlier will be greater than or equal to the call threshold price on a call observation date or, if the notes are not automatically called, the final underlier price will be greater than or equal to the buffer price on the determination date, and you believe that the price of the underlier will appreciate over the term of the notes by a percentage that is less than the call premium amount if the notes are automatically called or the return represented by the maximum settlement amount if the notes are not automatically called.
♦You understand and accept that your return on the notes is limited by the call premium amount if the notes are called or, if the notes are not called, the maximum settlement amount.
♦You are willing to invest in the notes based on the call threshold price, buffer price, the call premium amounts and the maximum settlement amount indicated herein.
♦You can tolerate fluctuations in the price of the notes throughout their term that may be similar to or exceed the downside fluctuations in the price of the underlier.
♦You do not seek guaranteed current income from your investment.
♦You are willing to hold the notes that may be subject to an automatic call and you are otherwise willing to hold the notes to maturity, a term of approximately 36 months, and accept that there may be little or no secondary market for the notes.
♦You fully understand and are willing to accept the risks associated with commodity futures contracts generally and NYMEX-traded Light Sweet Crude Oil (WTI) futures contracts specifically.
♦You are willing to assume the credit risk of UBS for all payments under the notes, 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 notes 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 notes, the price (not including their customary bid-ask spreads) will temporarily exceed the internal pricing model price.
The notes may not be suitable for you if:
♦You do not fully understand the risks inherent in an investment in the notes, including the risk of loss of your entire initial investment.
♦You require an investment designed to guarantee a full return of principal at maturity.
♦You cannot tolerate a loss of all or a substantial portion of your investment or are not willing to make an investment that if the notes are not automatically called, may have the full downside market risk of an investment in the underlier, subject to the buffer price.
♦You believe that the price of the underlier will decline during the term of the notes, is likely to be less than the call threshold price on each call observation date and, if the notes are not automatically called, the final underlier price is likely to be less than the buffer price, or you believe that the price of the underlier will appreciate over the term of the notes by a percentage that is greater than the call premium amount if the notes are called or the return represented by the maximum settlement amount if the notes are not automatically called.
♦You seek an investment that has unlimited return potential without a cap on appreciation.
♦You are unwilling to invest in the notes based on the call threshold price, buffer price, the call premium amounts or the maximum settlement amount indicated herein.
♦You cannot tolerate fluctuations in the price of the notes throughout their term that may be similar to or exceed the downside fluctuations in the price of the underlier.
♦You seek guaranteed current income from this investment.
♦You are unable or unwilling to invest in notes that may be subject to an automatic call or are unable or unwilling to hold the notes to maturity, a term of approximately 36 months, or you seek an investment for which there will be an active secondary market.
♦You do not fully understand or are unwilling to accept the risks associated with commodity futures contracts generally and NYMEX-traded Light Sweet Crude Oil (WTI) futures contracts specifically.
♦You are not willing to assume the credit risk of UBS for all payments under the notes.
The investor suitability considerations identified above are not exhaustive. Whether or not the notes are a suitable investment for you will depend on your individual circumstances. You are urged to consult your investment, legal, tax, accounting and other advisors and carefully consider the suitability of an investment in the notes in light of your particular circumstances. You should also review “Additional Risk Factors Specific to Your Notes” herein for risks related to an investment in the notes.