New Issue: UBS prices $1.57 million trigger autocallable notes tied to Russell, S&P

By William Gullotti

Buffalo, N.Y., April 18 – UBS AG, London Branch priced $1.57 million of 0% trigger autocallable notes due April 1, 2027 linked to the performance of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 9.75% annualized call premium if each index closes at or above its initial level on any semiannual observation date.

If the notes are not called, the payout at maturity will be par unless any index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$1.57 million
Maturity:	April 1, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline of worst performing index from initial level
Call:	At par plus a 9.75% annualized call premium if all indexes close at or above initial levels on any semiannual observation date
Initial levels:	5,203.58 for S&P, 2,070.163 for Russell
Downside thresholds:	3,642.51 for S&P, 1,449.114 for Russell; 70% of initial levels
Pricing date:	March 26
Settlement date:	April 1
Agent:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	9026744Z0

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