By Wendy Van Sickle
Columbus, Ohio, March 9 – UBS AG, London Branch priced $2.92 million of 0% trigger return notes due March 7, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
If the index closes at or above trigger level, 79.9% of it is initial value, investors will receive par.
If the index closes below 79.9% of initial level, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger return notes
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| Underlying index: | S&P 500
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| Amount: | $2.92 million
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| Maturity: | March 7, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain; par if the index closes at or above the trigger level; full exposure to any losses if the index closes below trigger level
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| Initial level: | 4,363.49
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| Trigger level: | 3,486.43, 79.9% of initial level
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| Pricing date: | March 4
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| Settlement date: | March 9
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| Agents: | J.P. Morgan Securities LLC and UBS Investment Bank
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| Fees: | 1.5%
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| Cusip: | 90279DL53
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