By Wendy Van Sickle
Columbus, Ohio, March 21 – UBS AG, London Branch priced $1.84 million of 0% capped airbag gears due Sept. 20, 2024 linked to 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 1.5 times the index return, subject to a maximum return of 43%.
If the index return is zero or negative and the final index level is greater than the downside threshold, 85% of the initial level, the payout will be par.
If the final index level is less than the downside threshold, investors will lose 1.1765% loss for each 1% that the index declines beyond 15%.
UBS Securities LLC and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Capped airbag gears
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| Underlying index: | Russell 2000 index
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| Amount: | $1.84 million
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| Maturity: | Sept. 20, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 1.5 times index return, subject to maximum return of 43%; if index return is zero or negative and final index level is greater than downside threshold, par; if final index level is less than downside threshold, 1.1765% loss for each 1% that index declines beyond 15%
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| Initial level: | 2,065.019
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| Downside threshold: | 1,755.266; 85% of initial level
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| Strike date: | March 16
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| Pricing date: | March 17
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| Settlement date: | March 22
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| Underwriters: | UBS Securities LLC and UBS Investment Bank
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| Fees: | None
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| Cusip: | 90279D2P0
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