New Issue: UBS prices $3.52 million capped trigger in-step notes linked to S&P 500

By Susanna Moon

Chicago, March 2 – UBS AG, London Branch priced $3.52 million of 0% capped trigger in-step securities due Aug. 30, 2019 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 the 80% step barrier, the payout at maturity will be par of $10 plus the greater of the 10% step return and any index gain up to a maximum return of 21%.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Capped trigger in-step securities
Underlying index:	S&P 500
Amount:	$3,522,500
Maturity:	Aug. 30, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes at or above 80% step barrier, par plus greater of 10% and any index gain up to 21%; otherwise, full exposure to any losses
Initial index level:	2,363.81
Step barrier:	1,891.05, 80% of initial level
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.25%
Cusip:	90280M582

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