New Issue: UBS prices $7.92 million trigger in-digital notes linked to S&P 500

By William Gullotti

Buffalo, N.Y., May 6 – UBS AG, London Branch priced $7.92 million of 0% trigger in-digital notes due May 11, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to its digital barrier, 70% of its initial level, the payout at maturity will be par of $10 plus 7.3%.

Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger in-digital notes
Underlying index:	S&P 500 index
Amount:	$7.92 million
Maturity:	May 11, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final level of the index is greater than or equal to digital barrier, par plus 7.3%; otherwise, 1% loss for every 1% that index declines from initial level
Initial level:	4,175.2
Digital barrier:	2,922.64; 70% of initial level
Strike date:	April 26
Pricing date:	April 27
Settlement date:	April 29
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	9026MP502

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