By William Gullotti
Buffalo, N.Y., March 28 – UBS AG, London Branch priced $2.04 million of 0% trigger return notes due March 27, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
If the index declines but finishes at or above trigger level, 78.85% of it is initial level, investors will receive par.
Otherwise, investors will be fully exposed to the index’s decline from its initial level.
J.P. Morgan Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger return notes
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| Underlying index: | S&P 500 index
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| Amount: | $2.04 million
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| Maturity: | March 27, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if the index finishes at or above the trigger level; otherwise, full exposure to index decline from initial level
|
| Initial level: | 4,511.61
|
| Trigger level: | 3,557.4, 78.85% of initial level
|
| Strike date: | March 22
|
| Pricing date: | March 23
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| Settlement date: | March 28
|
| Agents: | J.P. Morgan Securities LLC and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90279DS23
|
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