New Issue: UBS prices $2 million buffer gears linked to S&P, Nasdaq, Russell

By Wendy Van Sickle

Columbus, Ohio, March 18 – UBS AG, London Branch priced $2 million of 0% buffer gears due April 19, 2023 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus 1.05 times the gain of the least performing index.

If the least performing index finishes at or below its initial level but at or above its 84.5% downside threshold, the payout will be par.

Investors will be exposed to any decline of the least performing index beyond 15.5%.

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

Issuer:	UBS AG, London Branch
Issue:	Buffer gears
Underlying indexes:	S&P 500, Russell 2000, Nasdaq-100
Amount:	$2 million
Maturity:	April 19, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If each index gains, par plus 1.05 times the gain of the least performing index; if the least performing index finishes at or below its initial level but at or above its downside threshold, par; exposure to any decline of least performing index beyond 15.5%
Initial levels:	13,046.64 for Nasdaq, 4,173.11 for S&P, 1,941.719 for Russell
Downside thresholds:	11,024.41 for Nasdaq, 3,526.28 for S&P, 1,640.753 for Russell; 84.5% of initial levels
Pricing date:	March 14
Settlement date:	March 17
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	5.5%
Cusip:	90279DR24

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