New Issue: UBS prices $4 million capped gears linked to S&P

By Wendy Van Sickle

Columbus, Ohio, March 17 – UBS AG, London Branch priced $4 million of 0% capped gears due April 28, 2022 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 three times any index gain, up to a maximum return of par plus 14.01%.

Otherwise, investors will receive 1% for every 1% decline of the index.

UBS Securities LLC and UBS Investment Bank LLC are the agents.

Issuer:	UBS AG, London Branch
Issue:	Capped gears
Underlying index:	S&P 500
Amount:	$3,999,000
Maturity:	April 28, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus three times any index gain, up to a maximum return of par plus 14.01%; otherwise, 1% for every 1% decline of index
Initial index level:	3,881.37
Pricing date:	Feb. 24
Settlement date:	Feb. 26
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	2.35%
Cusip:	90276BRP0

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