New Issue: UBS prices $83.44 million capped leveraged notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 11 – UBS AG, London Branch priced $83.44 million of 0% capped leveraged notes due April 12, 2023 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index’s return is positive, the payout at maturity will be par plus 1.25 times the gain, capped at a maximum payout of par plus 26.25%.

Investors will be fully exposed to any index decline.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Capped leveraged notes
Underlying index:	S&P 500 index
Amount:	$83,436,000
Maturity:	April 12, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any index gain, capped at par plus 26.25%; full exposure to loss
Initial level:	4,170.7
Pricing date:	March 8
Settlement date:	March 15
Agent:	UBS Securities LLC
Fees:	0.95%
Cusip:	90279DK96

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