New Issue: UBS prices $3 million trigger digital notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, March 21 – UBS AG, London Branch priced $3 million of 0% trigger digital securities due April 20, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 9.75% unless the lesser performing index finishes below the 70% downside threshold, in which case investors will be fully exposed to any losses.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger digital securities
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$3,001,000
Maturity:	April 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 9.75% unless lesser performing index finishes below 70% downside threshold, in which case full exposure to any losses
Initial share price:	2,065.019 for Russell, 4,411.67 for S&P
Downside threshold:	1,445.513 for Russell, 3,088.17 for S&P, 70% of initial share price
Pricing date:	March 17
Settlement date:	March 22
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	0.25%
Cusip:	90279DF50

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