New Issue: UBS sells $5.27 million airbag contingent absolute return securities on two indexes

By Wendy Van Sickle

Columbus, Ohio, Feb. 2 – UBS AG, London Branch priced $5.27 million of 0% airbag contingent absolute return securities due May 20, 2024 linked to the least performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the absolute value of the return of the least performing index if that index finishes at or above the downside threshold, 85% of the initial level, in which case investors will lose 1.1765% for each 1% loss of the least-performing index beyond the downside threshold.

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

Issuer:	UBS AG, London Branch
Issue:	Airbag contingent absolute return securities
Underlying indexes:	Nasdaq-100 index, Russell 2000 index
Amount:	$5.27 million
Maturity:	May 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of least-performing index is equal to or greater than downside threshold, par plus absolute value of laggard index return; 1.1765% loss for each 1% loss of least-performing index beyond downside threshold
Initial levels:	12,166.6 for Nasdaq, 1,911.456 for Russell
Downside thresholds:	10,341.61 for Nasdaq, 1,624.738 for Russell; 85% of initial level
Pricing date:	Jan. 27
Settlement date:	Feb. 1
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.25%
Cusip:	90279F3H2

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