New Issue: UBS prices $1.25 million 8.5% trigger yield notes linked to Verizon, Dow

By William Gullotti

Buffalo, N.Y., April 11 – UBS AG, London Branch priced $1.25 million of 8.5% trigger yield notes due April 9, 2025 linked to the performance of the Dow Jones industrial average and the stock performance of Verizon Communications Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the final level of any underlier is less than 60% of the initial level, in which case investors will be fully exposed the decline of the worst performer from its initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield notes
Underlying assets:	Dow Jones industrial average, Verizon Communications Inc.
Amount:	$1,251,000
Maturity:	April 9, 2025
Coupon:	8.5%, payable monthly
Price:	Par
Payout at maturity:	Par unless any underlier finishes below trigger level, in which case investors will be fully exposed to the decline of the worst performer from its initial level
Initial levels:	$39.65 for Verizon, 33,402.38 for Dow
Trigger levels:	$23.79 for Verizon, 20,041.43 for Dow; 60% of initial level
Strike date:	April 4
Pricing date:	April 5
Settlement date:	April 11
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.4%
Cusip:	90279GCX5

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