New Issue: UBS sells $300,000 capped airbag gears linked to S&P 500

By Marisa Wong

Los Angeles, April 26 – UBS AG, London Branch priced $300,000 of 0% capped airbag gears due Sept. 15, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, capped at par plus 16.15%. Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% that the index may decline beyond 15%.

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

Issuer:	UBS AG, London Branch
Issue:	Capped airbag gears
Underlying index:	S&P 500 index
Amount:	$300,000
Maturity:	Sept. 15, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.5 times any index gain, capped at par plus 16.15%; par if the index falls by up to 15%; otherwise, 1.1765% loss for every 1% index decline beyond 15%
Initial level:	3,943.34
Downside threshold:	3,351.84, 85% of initial level
Pricing date:	March 12
Settlement date:	March 17
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	None
Cusip:	90276BUE1

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