New Issue: UBS prices $1.72 million capped PLUS linked to S&P 500

By William Gullotti

Buffalo, N.Y., Feb. 26 – UBS AG, London Branch priced $1.72 million of 0% capped Performance Leverage Upside Securities due June 4, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus three times the index return, subject to a maximum return of 14.7%.

Investors will be fully exposed to any index decline.

UBS Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	UBS AG, London Branch
Issue:	Capped Performance Leveraged Upside Securities
Underlying index:	S&P 500 index
Amount:	$1,717,000
Maturity:	June 4, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, up to maximum return of 14.7%; otherwise, full exposure to loss
Initial level:	5,000.62
Pricing date:	Feb. 14
Settlement date:	Feb. 20
Agent:	UBS Securities LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	90279W2L7

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