New Issue: UBS prices $8.8 million trigger digital securities tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 10 – UBS AG, London Branch priced $8.8 million of 0% trigger digital securities due June 8, 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 9.1% 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:	$8.8 million
Maturity:	June 8, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 9.1% unless index finishes below 70% downside threshold, in which case full exposure to any losses
Initial level price:	4,328.87
Downside threshold:	3,030.21; 70% of initial level
Pricing date:	March 4
Settlement date:	March 9
Agent:	UBS Securities LLC and UBS Investment Bank
Fees:	0.5%
Cusip:	90279DL95

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