New Issue: UBS sells $1.71 million trigger autocallable contingent yield notes with memory on indexes

By William Gullotti

Buffalo, N.Y., April 24 – UBS AG, London Branch priced $1.71 million of trigger autocallable contingent yield notes with memory interest due April 20, 2028 linked to the performance of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at the rate of 10% per year if each index closes at or above its coupon barrier, 80% of its initial level, on any related observation date. Previously unpaid coupons, if any, will be automatically included whenever a coupon is paid.

The notes will be automatically called at par plus coupon if each index closes at or above its initial level on any quarterly call observation date after one year.

If the notes are not called and each index finishes at or above its coupon barrier, the payout at maturity will be par plus all unpaid coupons.

If the worst performer finishes below its coupon barrier but at or above the downside threshold level, 60% of the initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performer declines from its initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes with memory interest
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:	$1,714,000
Maturity:	April 20, 2028
Coupon:	10% per year, paid monthly, if each index closes at or above its coupon barrier on any related observation date; coupon payments will automatically include any previously unpaid coupons
Price:	Par
Payout at maturity:	If each index finishes at or above coupon barrier, par plus all unpaid coupons; if worst performer finishes below coupon barrier but at or above downside threshold level, par; otherwise, 1% loss for each 1% decline of laggard index from initial level
Call:	Automatically at par plus coupon if each index closes at or above initial level on any quarterly call observation date after one year
Initial levels:	13,079.52 for Nasdaq, 1,781.154 for Russell, 4,137.64 for S&P
Coupon barrier levels:	10,463.62 for Nasdaq, 1,424.923 for Russell, 3,310.11 for S&P; 80% of initial levels
Downside thresholds:	7,847.71 for Nasdaq, 1,068.692 for Russell, 2,482.58 for S&P; 60% of initial levels
Pricing date:	April 14
Settlement date:	April 19
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	0.25%
Cusip:	90279GCV9

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