New Issue: UBS prices $2.12 million capped airbag gears linked to indexes

By Kiku Steinfeld

Chicago, April 26 – UBS AG, London Branch priced $2.12 million of 0% capped airbag gears due April 4, 2024 linked to the Dow Jones industrial average, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times the return of the lesser performing index, subject to a maximum return of 15.51%.

If any index falls but the return of each index is at least 75% of its initial level, the payout will be par.

Otherwise, investors will lose 1.3333% loss for each 1% that the lesser performing index declines beyond 17.5%.

UBS Securities LLC and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Capped airbag gears
Underlying indexes:	Dow Jones industrial average, S&P 500 index, Nasdaq-100 index
Amount:	$2,115,000
Maturity:	April 4, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.5 times index return of lesser performer, subject to maximum return of 15.51%; if any index falls but the return of each index is at least 75% of its initial level, par; otherwise, 1.3333% loss for each 1% that lesser performing index declines beyond 25%
Initial index levels:	33,153.21 for Dow, 13,329.51 for Nasdaq, 4,019.87 for S&P
Thresholds:	24,864.91 for Dow, 9,997.13 for Nasdaq, 3,014.90 for S&P; 75% of initial levels
Pricing date:	April 1
Settlement date:	April 7
Underwriters:	UBS Securities LLC and UBS Investment Bank
Fees:	2.5%
Cusip:	90276BWG4

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