New Issue: UBS prices $4.14 million trigger autocallable notes tied to Russell, FTSE

By William Gullotti

Buffalo, N.Y., April 18 – UBS AG, London Branch priced $4.14 million of 0% trigger autocallable notes due March 29, 2029 linked to the performance of the FTSE 100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 10.1% annualized call premium if each index closes at or above its initial level on any quarterly observation date.

If the notes are not called, the payout at maturity will be par unless any index finishes below its 75% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying indexes:	FTSE 100 index, Russell 2000 index
Amount:	$4,143,000
Maturity:	March 29, 2029
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline of worst performing index from initial level
Call:	At par plus a 10.1% annualized call premium if all indexes close at or above initial levels on any quarterly observation date
Initial levels:	7,930.96 for FTSE, 2,070.163 for Russell
Downside thresholds:	5,948.22 for FTSE, 1,552.622 for Russell; 75% of initial levels
Pricing date:	March 26
Settlement date:	March 28
Agent:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.85%
Cusip:	9026744Y3

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