New Issue: UBS prices $6.87 million 14-month capped gears on Financial Select

By Marisa Wong

Morgantown, W.Va., April 2 – UBS AG, London Branch priced $6.87 million of 0% capped gears due May 31, 2019 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par plus 3 times the ETF return, subject to a maximum gain of 16.02%. If the ETF return is less than zero, investors will have full exposure to the decline.

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

Issuer:	UBS AG, London Branch
Issue:	Capped gears
Underlying ETF:	Financial Select Sector SPDR fund
Amount:	$6,865,590
Maturity:	May 31, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 3 times any ETF gain, capped at par plus 16.02%; full exposure to any losses
Initial value:	$27.69
Pricing date:	March 26
Settlement date:	March 29
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90280Y503

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