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In addition, if a restructuring plan has been approved by FINMA, the rights of a creditor to seek judicial review of the restructuring plan e. Information about the underlying basket and the basket assets is specified on page 2, and described in more detail beginning on page 8. Whether or not the Securities are a suitable investment for you will depend on your individual circumstances and you should reach an investment decision only after you and your investment, legal, tax, accounting and other advisors have carefully considered the suitability of an investment in the Securities in light of your particular circumstances. Investment Timeline. Investor Suitability. Consequently, holders of Securities may lose all of some of their investment in the Securities. The quotient, expressed as a percentage, of the following formula:. The Securities do not pay interest. If the basket return is positive , UBS will pay you an amount in cash per Security equal to:. If the basket return is zero, at maturity, UBS will pay you a cash payment per Security equal to the principal amount. This information has been obtained from publicly available sources. If the basket return is zero , UBS will pay you an amount in cash equal to:. The final asset level for each basket asset is observed on the final valuation date and each basket asset return and the basket return are calculated. Furthermore, even if a creditor successfully challenges the restructuring plan, the court can only require the relevant creditor to be compensated ex post and there is currently no guidance as to on what basis such compensation would be calculated or how it would be funded. You may lose some or all of your initial investment in the Securities. In this scenario, you will suffer a percentage loss on your initial investment equal to the basket return. UBS has not conducted any independent review or due diligence of publicly available information obtained from Bloomberg. If, however, the basket return is negative, UBS will pay you a cash payment per Security that is less than the principal amount, if anything, resulting in a percentage loss on your initial investment equal to the basket return and, in extreme situations, you could lose all of your initial investment. If the basket return is positive, at maturity, UBS will pay you a cash payment per Security equal to the principal amount plus a percentage return equal to the lesser of a the basket return multiplied by the upside gearing and b the maximum gain. The basket closing level on the final valuation date. In this scenario, you will suffer a percentage loss on your initial investment in an amount that is equal to the basket return. Investment Description. This document, together with the documents listed above, contains the terms of the Securities and supersedes all other prior or contemporaneous oral statements as well as any other written materials including all other prior pricing terms, correspondence, trade ideas, structures for implementation, sample structures, brochures or other educational materials of ours. The initial asset level of each basket asset is its closing level on November 6, and not its closing level on the trade date and the remaining final terms, including the initial basket level, were also set on that date. You may lose some or all of your initial investment. Because the basket return, when multiplied by the upside gearing, is less than the maximum gain, the payment at maturity per Security will be calculated as follows:. You should not take the historical levels of the basket assets as an indication of future performance. Investing in the Securities involves significant risks. You should make your own investigation into the underlying basket and basket assets. The investor suitability considerations identified above are not exhaustive. The Securities may not be suitable for you if:. Because the underlying basket is a newly created basket and its level will begin to be calculated only on the trade date, there is no actual historical information about the underlying basket closing levels as of the date of this preliminary pricing supplement. The Securities are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency. Preliminary Terms. Example 4: The Basket Return is Because the basket return is negative, UBS will pay you less than the principal amount and the payment at maturity per Security will be calculated as follows:. Such affiliates, and any other third-party dealers, will derive compensation from the distribution of the Securities and such compensation may serve as an incentive to sell these Securities instead of other investments. UBS has not conducted any independent review or due diligence of any publicly available information with respect to the underlying basket and basket assets. The actual terms will be set on the trade date and will be indicated on the cover of the applicable pricing supplement. We also urge you to consult your investment, legal, tax, accounting and other advisors before you invest in the Securities. Example 2: The Basket Return is Because the basket return, when multiplied by the upside gearing, is greater than the maximum gain, the payment at maturity per Security will be calculated as follows:. Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the adequacy or accuracy of this document, the accompanying product supplement or the accompanying prospectus. An investment in the Securities involves significant risks. Set forth below is a table that provides the quarterly closing high and quarterly closing low for each of the basket assets. If there is any inconsistency between the terms of the Securities described in the accompanying prospectus, the accompanying product supplement and this document, the following hierarchy will govern: first, this document; second, the accompanying product supplement; and last, the accompanying prospectus. Example 3: The Basket Return is 0. The Securities may be suitable for you if:. You may access these documents on the SEC website at www. Hypothetical Historical Basket Levels. 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. Events relating to any of those risks, or other risks and uncertainties, could adversely affect the market value of, and the return on your Securities. Key Risks. This market risk is in addition to the credit risk inherent in purchasing a debt obligation of UBS. The Offering Documents are not an offer to sell these Securities and we are not soliciting offers to buy these Securities in any state where the offer or sale is not permitted. Included on the following pages is a brief description of the underlying basket and basket assets. Any payment on the Securities, including any repayment of principal, is subject to the creditworthiness of UBS.

The information in this preliminary pricing supplement is not complete and may be changed. The Underlying Basket.

Amazon offers its customers direct access to their websites and through their mobile websites and apps. The Securities will not be listed or displayed on any securities exchange or mark architectural lighting s2ld qs electronic communications network.

The following table sets forth the hypothetical quarterly basket closing levels for the basket.

UBS reserves the right to change the terms of, or reject any offer to purchase, the Securities prior to their issuance. All disclosures contained in this document regarding the underlying basket and basket assets is derived from publicly available information.

Any hypothetical historical upward or downward trend in the underlying basket closing level during any period shown below is not an indication that the underlying basket is more or less likely to increase or decrease at any time during the life of the Securities.

You may also choose to reject such changes in which case UBS may reject your offer to purchase. Past hypothetical performance of the basket is not indicative of the future performance of the basket, assuming the basket closing level was on April 1, The graph below illustrates the hypothetical performance of the underlying basket from April 1, through November 5,based on the daily closing levels of the basket assets.

If UBS were to default on its payment obligations, you may not receive any amounts owed to you under the Securities and you could mark architectural lighting s2ld qs all of your initial investment. While the BIO-FINMA does not expressly address the order in which a write-off of debt instruments other than debt instruments qualifying as additional tier 1 capital or tier 2 capital should occur, it states that debt-to-equity swaps should occur blackjack model 7 the following order: first, all subordinated claims not qualifying as regulatory capital; second, all other claims not excluded by law from a debt-to-equity swap other than deposits ; and third, deposits in excess of the amount privileged by law.

If the basket return is negativeUBS will pay you an amount in cash per Security that is less than your principal amount, if anything, equal to:. Amazon offers programs that enable sellers to sell their products on its websites and here own branded websites and to fulfill orders through Amazon.

The issuer is not necessarily obligated to repay the principal amount of the Securities at maturity, and the Securities have the same downside market risk as the underlying basket. UBS Securities LLC intends mark architectural lighting s2ld qs use these commissions to pay selling concessions or fees, which may include structuring or other services fees, to a third party dealer.

Security Offering. On any day, the basket closing level will be calculated as follows:. The Securities will have the terms specified in the accompanying product supplement relating to the Securities, dated October 31,the accompanying prospectus and this document.

If the blackjack dealer in spanish return is zeroUBS will pay you an amount in cash per Security equal to:.

In a restructuring proceeding, FINMA, as resolution authority, is competent to approve the resolution plan. Notice to investors: the Securities are significantly riskier than conventional debt instruments.

Amazon also manufactures and sells electronic devices, including Kindle e-readers and Echo. According to publicly available information, Amazon. Therefore, the hypothetical basket closing levels of the underlying basket below are calculated based on publicly available information for each basket asset as reported by Bloomberg without independent verification.

Past hypothetical performance of the underlying basket is not indicative of the future performance of the underlying basket.

With respect to each basket, asset, the quotient, expressed as a percentage, of the following formula:. If UBS were to default on its payment obligations you may not receive any amounts owed to you under the Securities and you could lose all of your initial investment. Additionally, UBS and its affiliates act in various capacities with respect to the Securities, including as a principal, agent or dealer in connection with the sale of the Securities.

We may not sell these Securities until the pricing supplement, the accompanying product supplement and the accompanying prospectus collectively, the "Offering Documents are delivered in final form.

These preliminary terms relate to the Securities. You should not purchase the Securities if you do not understand or are not comfortable with the significant risks involved in investing in the Securities.

In particular, a court may not suspend the implementation of the restructuring plan. Because the basket return is 0. Any representation to the contrary is a criminal offense.

The below examples and table are based on hypothetical terms. Link hypothetical basket closing levels have fluctuated in the past and may, in the future, experience significant fluctuations.

We urge you to consult your investment, legal, tax, accounting and other advisors before deciding to invest in the Securities. Amazon serves authors and independent publishers with Kindle Direct Publishing, an online platform that mark architectural lighting s2ld qs independent authors and publishers make their books available in the Kindle Store.

In the case of restructuring proceedings with respect to a systemically important Swiss bank such as UBS , the creditors whose claims are affected by the restructuring plan will not have a right to vote on, reject, or seek the suspension of the restructuring plan. Before you invest, you should read these documents and any other documents relating to the Securities that UBS has filed with the SEC for more complete information about UBS and this offering.