New Issue: UBS sells $549,000 trigger autocallable notes on Russell, Stoxx

By Wendy Van Sickle

Columbus, Ohio, Feb. 21 – UBS AG, London Branch priced $549,000 of 0% trigger autocallable notes due March 8, 2023 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a 12% annualized premium if each index closes at or above 90% of its initial level on any annual observation date prior to maturity.

If the notes are not called and each index finishes at or above its 70% downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the lesser performing index’s final level is below its initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying indexes:	Russell 2000 index, Euro Stoxx 50
Amount:	$549,000
Maturity:	March 8, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either index finishes below downside threshold, in which case full exposure to decline of lesser performing index
Call:	Automatically at par plus 12% annualized premium if each index closes at or above 90% of initial level on any annual observation date prior to maturity
Initial levels:	1,569.247 for Russell, 3,241.25 for Stoxx
Downside thresholds:	1,098.473 for Russell, 2,268.88 for Stoxx; 70% of initial levels
Pricing date:	Feb. 15
Settlement date:	Feb. 22
Agent:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	None
Cusip:	90270KXJ3

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