New Issue: UBS sells $607,000 buffer callable contingent yield notes on S&P 500

By Kiku Steinfeld

Chicago, March 30 – UBS AG, London Branch priced $607,000 of buffer callable contingent yield notes due Dec. 12, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon based on an annual rate of 8% if the underlying index closes above its 70% coupon barrier level on a related observation date.

The notes are callable at par on any coupon payment date on any quarterly observation date.

The payout at maturity will be par unless the index falls below 75% of its initial level, in which case investors will have exposure to losses beyond the buffer.

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

Issuer:	UBS AG, London Branch
Issue:	Buffer callable contingent yield notes
Underlying index:	S&P 500
Amount:	$607,000
Maturity:	Dec. 12, 2025
Coupon:	8% annual rate, payable quarterly if index finishes above coupon barrier level on related observation date
Price:	Par
Call option:	At par on any quarterly observation date
Payout at maturity:	Par unless index falls by more than 25%, in which case exposure to losses beyond buffer
Initial level:	3,934.38
Coupon barrier level:	2,754.07, 70% of initial level
Downside threshold level:	2,950.79, 75% of initial level
Pricing date:	Dec. 9
Settlement date:	Dec. 14
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90279FD32

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