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Published on 4/15/2020 in the Prospect News Structured Products Daily.

New Issue: UBS prices $100,000 buffered return optimization securities linked to Wells Fargo

New York, April 15 – UBS AG, London Branch priced $100,000 of buffered return optimization securities due April 20, 2021 linked to Wells Fargo & Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

If Wells Fargo stock closes at or above its initial price, the payout at maturity will be par plus five times any gain, capped at par plus 21.37%.

If Wells Fargo stock declines by up to 15%, the payout will be par. Investors will be exposed to any losses beyond 15%.

The agent is UBS Financial Services Inc. and UBS Investment Bank.

Issuer:UBS AG, London Branch
Issue:Buffered return optimization securities
Underlying stock:Wells Fargo & Co. (NYSE: WFC)
Amount:$100,000
Maturity:April 20, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus five times return of Wells Fargo stock, capped at 21.37%; par if stock declines by up to 15%; exposure to losses beyond 15%
Initial share price:$28.44
Pricing date:April 15
Settlement date:April 17
Agents:UBS Financial Services Inc. and UBS Investment Bank
Fees:1%
Cusip:90289G172

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