New Issue: UBS sells $2.08 million trigger digital notes tied to Energy Select Sector SPDR Fund

By William Gullotti

Buffalo, N.Y., Feb. 23 – UBS AG, London Branch priced $2.08 million of 0% trigger digital notes due March 8, 2023 linked to the performance of the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF finishes at or above 75% of its initial level, the payout at maturity will be par plus 12.15%.

If the ETF finishes below the 75% downside threshold, investors will be fully exposed to any losses.

UBS Investment Bank and J.P. Morgan Securities LLC are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger digital notes
Underlying ETF:	Energy Select Sector SPDR Fund
Amount:	$2,077,000
Maturity:	March 8, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF finishes at or above its downside threshold level, par plus 12.15%; otherwise, exposure to decline of ETF
Initial price:	$68.05
Downside threshold:	$51.04; 75% of initial level
Pricing date:	Feb. 18
Settlement date:	Feb. 24
Agents:	UBS Investment Bank and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	90279DZG4

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