By Marisa Wong
Morgantown, W.Va., March 1 – UBS AG, London Branch priced $532,500 of trigger return optimization securities due March 2, 2020 linked to the common stock of Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock closes at or above the initial price, the payout at maturity will be par plus three times any share price gain, capped at 44.64%.
If the stock finishes flat or falls by up to 25%, the payout will be par.
If the stock finishes below its 75% trigger level, investors will share fully in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger return optimization securities
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| Underlying stock: | Wells Fargo & Co. (NYSE: WFC)
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| Amount: | $532,500
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| Maturity: | March 2, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus three times any share price gain, capped at 44.64%; par if stock falls by up to 25%; otherwise, exposure to any losses
|
| Initial share price: | $57.81
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| Trigger price: | $43.36, 75% of initial price
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| Pricing date: | Feb. 24
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| Settlement date: | March 1
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.5%
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| Cusip: | 90277M256
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