New Issue: UBS prices $1 million trigger digital securities tied to S&P

By William Gullotti

Buffalo, N.Y., May 16 – UBS AG, London Branch priced $1 million of 0% trigger digital securities due May 30, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 8% unless the index finishes below the 70% downside threshold, in which case investors will be fully exposed to any losses.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger digital securities
Underlying index:	S&P 500 index
Amount:	$1 million
Maturity:	May 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8% unless index finishes below 70% downside threshold, in which case full exposure to all losses
Initial level price:	3,935.18
Downside threshold:	2,754.63; 70% of initial level
Strike date:	May 11
Pricing date:	May 12
Settlement date:	May 17
Agent:	UBS Securities LLC and UBS Investment Bank
Fees:	1%
Cusip:	90279FDK4

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