New Issue: UBS sells $805,000 trigger gears tied to Russell, S&P

By Sarah Lizee

Olympia, Wash., April 1 – UBS AG, London Branch priced $805,000 of 0% trigger gears due Sept. 29, 2025 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 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:	$805,000
Maturity:	Sept. 29, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If each index return is positive, par plus 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:	1,096.555 for Russell, 2,447.33 for S&P
Downside threshold:	657.933 for Russell, 1,468.40 for S&P, 60% of initial level
Pricing date:	March 24
Settlement date:	March 27
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	4%
Cusip:	90276BAC7

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