New Issue: UBS sells $3.29 million capped buffer contingent absolute return securities on S&P

By William Gullotti

Buffalo, N.Y., March 17 – UBS AG, London Branch priced $3.29 million of 0% capped buffer contingent absolute return securities due March 18, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to par plus 30%.

If the index declines by no more than 15%, the payout at maturity will be par plus the absolute value of the index’s return.

Otherwise, investors will lose 1% for each 1% decline of the index beyond 15%.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Capped buffer contingent absolute return securities
Underlying index:	S&P 500 index
Amount:	$3.29 million
Maturity:	March 18, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, up to par plus 30%; if index declines by no more than 15%, par plus the absolute value of index’s return; otherwise, 1 % loss for each 1% decline of the index beyond 15%
Initial level:	3,855.76
Buffer level:	3,277.4; 85% of initial level
Pricing date:	March 13
Settlement date:	March 16
Agent:	UBS Securities LLC
Fees:	0.25%
Cusip:	90279F6G1

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