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Published on 3/19/2020 in the Prospect News Structured Products Daily.

New Issue: UBS prices $5 million buffered income autocalls on Zoom Video

By Sarah Lizee

Olympia, Wash., March 19 – UBS AG, London Branch priced $5 million of 16% buffered income autocallable securities with downside leverage due April 15, 2021 linked to the common stock of Zoom Video Communications, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par of $10 plus the coupon if the shares close at or above the initial share price on any quarterly determination date other than the final determination date.

If the final share price is greater than or equal to the downside threshold level, 50% of the initial level, the payout at maturity will be par plus the final coupon. Otherwise, investors will receive a number of shares equal to $1,000 divided by the downside threshold level or, at the issuer’s option, the cash equivalent.

UBS Securities LLC is the agent and Morgan Stanley Wealth Management is the dealer.

Issuer:UBS AG, London Branch
Issue:Buffered income autocallable securities with downside leverage
Underlying stock:Zoom Video Communications, Inc.
Amount:$5 million
Maturity:April 15, 2021
Coupon:16% per year, payable monthly
Price:Par of $10.00
Payout at maturity:If final share price is greater than or equal to downside threshold level, par; otherwise, 18.2682 shares of the stock
Call:At par plus coupon if shares close at or above initial share price on any quarterly determination date other than final determination date
Initial share price:$109.47
Downside threshold:$54.74, 50% of initial share price
Pricing date:March 12
Settlement date:March 16
Agent:UBS Securities LLC
Dealer:Morgan Stanley Wealth Management
Fees:0.35%
Cusip:90270K6A2

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