New Issue: UBS prices $1.4 million trigger autocallable notes tied to Russell, Stoxx

By William Gullotti

Buffalo, N.Y., April 18 – UBS AG, London Branch priced $1.4 million of 0% trigger autocallable notes due March 29, 2029 linked to the performance of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an 11.6% annualized call premium if each index closes at or above its initial level on any quarterly observation date after one year.

If the notes are not called, the payout at maturity will be par unless any index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying indexes:	Euro Stoxx 50 index, Russell 2000 index
Amount:	$1.4 million
Maturity:	March 29, 2029
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline of worst performing index from initial level
Call:	At par plus an 11.6% annualized call premium if all indexes close at or above initial levels on any quarterly observation date after one year
Initial levels:	5,064.18 for Stoxx, 2,070.163 for Russell
Downside thresholds:	3,544.93 for Stoxx, 1,449.114 for Russell; 70% of initial levels
Pricing date:	March 26
Settlement date:	March 28
Agent:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.35%
Cusip:	9026745L0

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