New Issue: UBS sells $2.12 million digital index-linked notes linked to S&P 500

By Kiku Steinfeld

Chicago, March 29 – UBS AG, London Branch priced $2.12 million of 0% digital index-linked notes due July 12, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 85% buffer level, the payout at maturity will be the maximum settlement amount of $1,144.10 for each $1,000 principal amount.

Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.

UBS Securities LLC is the underwriter.

Issuer:	UBS AG, London Branch
Issue:	Digital index-linked notes
Underlying index:	S&P 500
Amount:	$2,120,000
Maturity:	July 12, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above 85% buffer level, $1,144.10 for each $1,000 principal amount; otherwise, 1.1765% loss for each 1% decline beyond 15%
Initial level:	3,939.34
Buffer level:	85% of initial level
Pricing date:	March 11
Settlement date:	March 18
Underwriter:	UBS Securities LLC
Fees:	None
Cusip:	90276BTY9

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