New Issue: UBS prices $250,000 airbag gears due 2022 tied to S&P, Russell

By Kiku Steinfeld

Chicago, March 29 – UBS AG London Branch priced $250,000 of 0% airbag gears due Sept. 15, 2022 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.17 times the return of the least performing index. Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.

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

Issuer:	UBS AG London Branch
Issue:	Airbag gears
Underlying index:	S&P 500 and Russell 2000
Amount:	$250,000
Maturity:	Sept. 15, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.17 times any gain in least performer; par if least performing index falls by up to 15%; 1.1765% loss for each 1% decline of least performing index beyond 15%
Initial level:	3,943.34 for S&P, 2,352.789 for Russell
Downside threshold:	3,351.84 for S&P, 1,999.871 for Russell, 85% of initial level
Pricing date:	March 12
Settlement date:	March 17
Agents:	UBS Investment Bank and UBS Financial Services Inc.
Fees:	None
Cusip:	90276BUF8

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