New Issue: UBS prices $3.12 million buffered digital notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, April 10 – UBS AG, London Branch priced $3.12 million of 0% buffered digital notes due Oct. 14, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 90% downside threshold, the payout at maturity will be par plus 12.23%.

Otherwise, investors will lose 1% for each 1% decline beyond 10%.

UBS Investment Bank is the underwriter.

Issuer:	UBS AG, London Branch
Issue:	Buffered digital notes
Underlying index:	S&P 500
Amount:	$3,117,000
Maturity:	Oct. 14, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 10%, par plus 12.23%; otherwise, 1% loss for each 1% decline beyond 10%
Initial level:	2,892.74
Downside threshold:	2,591.45, 90% of initial level
Pricing date:	April 5
Settlement date:	April 10
Underwriter:	UBS Investment Bank
Fees:	0.5%
Cusip:	90270KZL6

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