New Issue: UBS prices $2.76 million airbag in-digital securities linked to Russell

By William Gullotti

Buffalo, N.Y., May 31 – UBS AG, London Branch priced $2.76 million of 0% airbag in-digital securities due July 10, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to its digital barrier, 90% of its initial level, the payout at maturity will be par plus 14.75%.

Otherwise, investors will lose 1.1111% for every 1% that the index declines below 10%.

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

Issuer:	UBS AG, London Branch
Issue:	Airbag in-digital securities
Underlying index:	Russell 2000 index
Amount:	$2.76 million
Maturity:	July 10, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of the index is greater than or equal to digital barrier, par plus 14.75%; otherwise, 1.1111% loss for every 1% that index declines below 10%
Initial level:	1,759.879
Digital barrier:	1,583.891; 90% of initial level
Pricing date:	May 5
Settlement date:	May 10
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.25%
Cusip:	90279GHV4

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