By Sarah Lizee
Olympia, Wash., March 18 – UBS AG, London Branch priced $250,000 of trigger return optimization securities due March 18, 2021 linked to the common stock of Citigroup Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock closes at or above the initial price, the payout at maturity will be par plus 1.5 times any gain in the stock capped at 35.27%.
If the stock declines by up to 35%, the payout will be par.
If the stock declines by more than 35%, investors will be fully exposed to the decline.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger return optimization securities
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| Underlying stock: | Citigroup Inc.
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| Amount: | $250,000
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| Maturity: | March 18, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the stock closes at or above the initial price, par plus 1.5 times any gain in the stock capped at 35.27%; if the stock declines by up to 35%, par; if the stock declines by more than 35%, investors will be fully exposed to the decline
|
| Initial share price: | $51.04
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| Trigger level: | $33.18; 65% of initial level
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| Pricing date: | March 13
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| Settlement date: | March 17
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.5%
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| Cusip: | 90289C791
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