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Published on 3/13/2020 in the Prospect News Structured Products Daily.

New Issue: UBS prices $249,903 10.03% trigger yield optimization notes linked to JPMorgan Chase

New York, March 13 – UBS AG, London Branch priced $249,903.55 of 10.03% trigger yield optimization notes due March 18, 2021 linked to the common stock of JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $103.91, which is equal to the initial share price of JPMorgan Chase stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of JPMorgan Chase stock is less than 70% of the initial share price, in which case investors will receive one JPMorgan Chase share per note.

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

Issuer:UBS AG, London Branch
Issue:Trigger yield optimization notes
Underlying stock:JPMorgan Chase & Co. (NYSE: JPM)
Amount:$249,903.55
Maturity:March 18, 2021
Coupon:10.03%, payable monthly
Price:Par of $103.91
Payout at maturity:If final share price is less than trigger price, one JPMorgan Chase share; otherwise, par
Initial share price:$103.91
Trigger price:$72.74, 70% of initial price
Pricing date:March 13
Settlement date:March 17
Underwriters:UBS Financial Services Inc. and UBS Investment Bank
Fees:1%
Cusip:90289C809

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