New Issue: UBS sells $9.2 million digital index-linked notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, April 14 – UBS AG, London Branch priced $9.2 million of 0% digital index-linked notes due Aug. 23, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 80% buffer level, the payout at maturity will be the threshold settlement amount of $1,055.50 for each $1,000 principal amount.

Otherwise, investors will lose 1.25% for each 1% decline beyond 20%.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$8,709,000
Maturity:	Aug. 23, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 80% buffer level, $1,055.50 for each $1,000 principal amount; otherwise, 1.25% loss for each 1% decline beyond 20%
Initial level:	4,582.64
Buffer level:	3,666.112; 80% of initial level
Pricing date:	April 4
Settlement date:	April 8
Agent:	UBS Securities LLC
Fees:	1%
Cusip:	90279DV37

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