New Issue: UBS prices $4.05 million trigger digital securities tied to S&P, Russell

By William Gullotti

Buffalo, N.Y., May 17 – UBS AG, London Branch priced $4.05 million of 0% trigger digital securities due June 16, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 10% unless any index finishes below the 65% downside threshold, in which case investors will be fully exposed to the decline of the worst performer from its initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger digital securities
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$4,047,000
Maturity:	June 16, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10% unless any index finishes below 65% downside threshold, in which case full exposure to decline of worst performer from initial level
Initial levels:	4,023.89 for S&P, 1,792.666 for Russell
Downside thresholds:	2,615.53 for S&P, 1,165.233 for Russell; 65% of initial levels
Pricing date:	May 13
Settlement date:	May 18
Agent:	UBS Securities LLC and UBS Investment Bank
Fees:	0.25%
Cusip:	90279FCK5

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