New Issue: UBS sells $1.48 million trigger gears tied to Russell, S&P

By Sarah Lizee

Olympia, Wash., March 31 – UBS AG, London Branch priced $1.48 million of 0% trigger gears due March 29, 2027 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index return is positive, the payout at maturity will be par plus 2.2 times the lesser performing index return.

If either index falls by up to 40%, the payout will be par.

Investors will lose 1% for every 1% decline of the lesser performing index below the initial level if it finishes below the 60% downside threshold.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger gears
Underlying index:	S&P 500, Russell 2000
Amount:	$1.48 million
Maturity:	March 29, 2027
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If each index return is positive, par plus 2.2 times the lesser performing index return; if either index falls by up to downside threshold, par; 1% loss for every 1% decline of the lesser performing index below the initial level if it finishes below the downside threshold
Initial index level:	1,002.417 for Russell, 2,237.40 for S&P
Downside threshold:	601.450 for Russell, 1,342.44 for S&P, 60% of initial level
Pricing date:	March 23
Settlement date:	March 26
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	4.5%
Cusip:	90276BAB9

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