By Wendy Van Sickle
Columbus, Ohio, Feb. 22 – UBS AG, London Branch priced $33.91 million of 0% autocallable buffered notes due March 4, 2022 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund closes at or above the initial level on March 20, 2019 or Feb. 20, 2020, the notes will be automatically called at par plus 9.3708% or 17.3% respectively.
If the notes are not called, the payout at maturity will be par plus 29.5% if the final fund level is greater than or equal to its initial level. The payout will be par if the fund declines by up to 10%, and investors will lose 1.1111% for every 1% loss beyond the 10% buffer.
UBS Securities LLC is the agent.
| Issuer: | UBS AG, London Branch
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| Issue: | Autocallable buffered notes
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| Underlying fund: | SPDR S&P Regional Banking ETF
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| Amount: | $33.91 million
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| Maturity: | Feb. 24, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 29.5% if fund return is zero or positive; par if fund falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
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| Call: | Automatically if fund closes at or above initial level on March 20, 2019 or Feb. 20, 2020, at par plus 9.3708% or 17.3% respectively
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| Initial price: | $62.60
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| Buffer level: | $56.34, 90% of initial price
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| Pricing date: | Feb. 20
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| Settlement date: | Feb. 27
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| Agent: | UBS Securities LLC
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| Fees: | 3%
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| Cusip: | 90270KQG7
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