New Issue: UBS prices $6.13 million airbag yield notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, April 12 – UBS AG, London Branch priced $6.13 million of 7.55% annualized airbag yield notes due Sept. 11, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the final index level is less than the 80% downside threshold, in which case investors will lose 1.25% for every 1% decline beyond 20%.

UBS Financial Services Inc. and UBS Securities Inc. are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Airbag yield notes
Underlying index:	S&P 500 index
Amount:	$6.13 million
Maturity:	Sept. 11, 2023
Coupon:	7.55% per year, payable monthly
Price:	Par of $10,000
Payout at maturity:	Par unless final index level is less than downside threshold, in which case 1.25% loss for each 1% loss beyond 20%
Initial index level:	3,845.08
downside threshold:	3,076.06, 80% of initial level
Pricing date:	July 7
Settlement date:	July 12
Underwriters:	UBS Financial Services Inc. and UBS Securities Inc.
Fees:	0%
Cusip:	90279FLV1

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