New Issue: UBS sells $628,500 capped trigger gears due 2023 tied to Euro Stoxx 50

By Marisa Wong

Los Angeles, April 14 – UBS AG, London Branch priced $628,500 of 0% capped trigger gears due March 31, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus the 5 times any gain of the index, capped at par plus 36.75%.

If the index falls by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the index declines below the initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Capped trigger gears
Underlying index:	Euro Stoxx 50 index
Amount:	$628,500
Maturity:	March 31, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus 5 times return of the index, capped at par plus 36.75%; if the index falls by up to 25%, par; otherwise, 1% loss for every 1% that the index declines below the initial level
Initial level:	2,728.65
Downside threshold:	2,046.49, 75% of initial level
Pricing date:	March 27
Settlement date:	March 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	06747G729

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