New Issue: UBS prices $150,000 trigger return optimization securities linked to UPS

By Taylor Fox

New York, Feb. 22 – UBS AG, London Branch priced $150,000 of trigger return optimization securities due Feb. 22, 2022 linked to the common stock of United Parcel Service, Inc., 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 five times any gain in common stock capped at par plus 10.86%.

If the stock declines but finishes above its 72% trigger level, the payout will be par.

Otherwise, investors will share in any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger return optimization securities
Underlying stock:	United Parcel Service, Inc.
Amount:	$150,000
Maturity:	Feb. 22, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus five times any gain in common stock, capped at par plus 10.86%; if the stock declines but finishes above trigger level, par; otherwise, full exposure to any losses
Initial share price:	$161.75
Trigger level:	$116.46, 72% of the initial levels
Pricing date:	Feb. 16
Settlement date:	Feb. 18
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90285C647

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