New Issue: UBS sells $14.98 million trigger callable contingent yield notes with daily monitoring on indexes

By Wendy Van Sickle

Columbus, Ohio, April 3 – UBS AG, London Branch priced $14.98 million of trigger callable contingent yield notes with daily close monitoring knock-in due June 30, 2027 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if each index’s closing level is at least 70% of its initial level on any quarterly observation date.

The notes are callable at par plus any coupon otherwise due on any quarterly observation date after six months.

If the notes are not called, the payout at maturity will be par unless any index finishes below its initial level and any index closes below its 60% knock-in level on any day during the life of the notes, in which case investors will lose 1% for each 1% decline of the worst performer from its initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger callable contingent yield notes with daily close monitoring knock-in
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:	$14,975,000
Maturity:	June 30, 2027
Coupon:	10% per year, payable quarterly if each index closes at or above its coupon barrier level on any quarterly observation date
Price:	Par
Payout at maturity:	Par unless any index finishes below its initial level and any index closes below its knock-in level on any day during the life of the notes, in which case, loss of 1% for every 1% that the worst performer finishes below its initial level
Call option:	At par plus any coupon otherwise due on any quarterly observation date after six months
Initial levels:	5,203.58 for S&P, 2,070.163 for Russell, 18,210.54 for Nasdaq
Coupon barrier levels:	3,642.51 for S&P, 1,449.114 for Russell, 12,747.38 for Nasdaq; 70% of initial levels
Knock-in levels:	3,122.15 for S&P, 1,242.098 for Russell, 10,926.32 for Nasdaq; 60% of initial levels
Pricing date:	March 26
Settlement date:	March 28
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90303D866

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