New Issue: UBS prices $3.2 million airbag digital securities linked to Russell 2000 index

By Wendy Van Sickle

Columbus, Ohio, March 19 – UBS AG, London Branch priced $3.2 million of 0% airbag return optimization securities due April 6, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is flat or positive, the payout at maturity will be par plus 9.35%.

If the index declines by up to 20%, the payout will par.

Otherwise, investors will lose 1.25% for every 1% index level decline beyond 20%.

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

Issuer:	UBS AG, London Branch
Issue:	Airbag digital securities
Underlying index:	Russell 2000 index
Amount:	$3.2 million
Maturity:	April 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 9.35% if index return is zero or positive; if index falls by up to 20%, par; otherwise, 1.25% loss for every 1% index level decline beyond 20%
Initial index level:	2,275.321
Threshold level:	1,820.257, 80% of initial level
Pricing date:	March 1
Settlement date:	March 4
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.25%
Cusip:	90276BSM6

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