New Issue: UBS prices $1.55 million airbag in-digital securities linked to Nasdaq, Russell, S&P

By William Gullotti

Buffalo, N.Y., Feb. 23 – UBS AG, London Branch priced $1.55 million of 0% airbag in-digital securities due March 21, 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.

If the final level of each index is greater than or equal to its digital barrier, 85% of its initial level, the payout at maturity will be par plus 14%.

Otherwise, investors will lose 1.1765% for every 1% that the worst performing index declines below 15%.

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

Issuer:	UBS AG, London Branch
Issue:	Airbag in-digital securities
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:	$1.55 million
Maturity:	March 21, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each index is greater than or equal to the digital barrier, par plus 14%; otherwise, 1.1765% loss for every 1% that the worst performing index declines below 15%
Initial levels:	12,358.18 for Nasdaq, 1,946.356 for Russell, 4,079.09 for S&P
Digital barriers:	10,504.45 for Nasdaq, 1,654.403 for Russell, 3,467.23 for S&P; 85% of initial levels
Pricing date:	Feb. 17
Settlement date:	Feb. 23
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.25%
Cusip:	90279FZ53

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