New Issue: UBS sells $7 million trigger autocallables on S&P 500, Euro Stoxx

By Marisa Wong

Morgantown, W.Va., April 13 – UBS AG, London Branch priced $7 million of 0% trigger autocallable notes due March 30, 2023 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

After six months, the notes will be called at par plus a call return of 12.17% per year if each index closes at or above its initial level on any quarterly observation date.

If the notes are not called, the payout at maturity will be par unless either index finishes below the 60% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying indexes:	S&P 500 index and Euro Stoxx 50 index
Amount:	$7 million
Maturity:	March 30, 2023
Coupon:	0%
Price:	Par of $10
Call:	After six months, at par plus 12.17% per year if both indexes close at or above initial levels on any quarterly observation date
Payout at maturity:	Par unless either index finishes below 60% downside threshold, in which case 1% loss for each 1% decline of worse performing index
Initial index levels:	2,612.62 for S&P, 3,316.95 for Euro Stoxx
Downside thresholds:	1,567.57 for S&P, 1,990.17 for Euro Stoxx; 60% of initial levels
Pricing date:	March 27
Settlement date:	March 29
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3%
Cusip:	90270KQN2

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