New Issue: UBS sells $100,000 trigger callable yield notes on S&P 500, Russell 2000

By Wendy Van Sickle

Columbus, Ohio, April 16 – UBS AG London Branch priced $100,000 of 5.5% trigger callable yield notes due April 5, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any coupon payment date after six months.

The payout at maturity will be par unless the least-performing index finishes below its 70% downside threshold level, in which case investors will lose 1% for each 1% decline of the least-performing index.

UBS Financial Services Inc. is the distributor.

Issuer:	UBS AG London Branch
Issue:	Trigger callable yield notes
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$100,000
Maturity:	April 5, 2023
Coupon:	5.5% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless least-performing index finishes below downside threshold, in which case 1% loss for each 1% decline of least-performing index
Call option:	At par on any coupon date after six months
Initial level:	3,972.89 for S&P, 2,220.519 for Russell
Downside threshold:	2,781.02 for S&P, 1,554.063 for Russell; 70% of initial level
Pricing date:	March 31
Settlement date:	April 6
Distributor:	UBS Financial Services Inc.
Fees:	0.25%
Cusip:	90276BTN3

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