New Issue: UBS prices $1.22 million buffer gears linked to S&P, Nasdaq, Russell

By William Gullotti

Buffalo, N.Y., Feb. 9 – UBS AG, London Branch priced $1.22 million of 0% buffer gears due March 12, 2024 linked to the performance 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.

The payout at maturity will be par plus 1.05 times any gain in the least performing index.

Investors will receive par if the worst performer falls by up to 16.4% and will lose 1% for every 1% decline of the worst performer beyond 16.4%.

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

Issuer:	UBS AG, London Branch
Issue:	Buffer gears
Underlying indexes:	S&P 500 index, Nasdaq-100 index, Russell 2000 index
Amount:	$1,215,000
Maturity:	March 12, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.05 times any gain in the least performing index; par if worst performer falls by up to 16.4%; otherwise, 1% loss for every 1% decline of worst performer beyond 16.4%
Initial levels:	12,728.27 for Nasdaq, 1,972.609 for Russell, 4,164.0 for S&P
Downside thresholds:	10,640.83 for Nasdaq, 1,649.101 for Russell, 3,481.1 for S&P; 83.6% of initial levels
Pricing date:	Feb. 7
Settlement date:	Feb. 10
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.5%
Cusip:	90279FW49

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