New Issue: UBS sells $16.08 million trigger callable yield notes on Russell, Dow

By Wendy Van Sickle

Columbus, Ohio, March 28 – UBS AG London Branch priced $16.08 million of 6.5% trigger callable yield notes due June 28, 2023 linked to the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any coupon payment date after three months.

The payout at maturity will be par unless the least-performing index finishes below its 60% downside threshold level, in which case investors will lose 1% for each 1% decline of the least-performing index.

UBS Financial Services Inc. is the distributor.

Issuer:	UBS AG London Branch
Issue:	Trigger callable yield notes
Underlying indexes:	Russell 2000 index and Dow Jones industrial average
Amount:	$16,082,140
Maturity:	June 28, 2023
Coupon:	6.5% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless least-performing index finishes below downside threshold, in which case 1% loss for each 1% decline of least-performing index
Call option:	At par on any coupon date after three months
Initial level:	34,358.5 for Dow, 2,052.206 for Russell
Downside threshold:	20,615.1 for Dow, 1,231.324 for Russell; 60% of initial level
Pricing date:	March 23
Settlement date:	March 28
Distributor:	UBS Financial Services Inc.
Fees:	1%
Cusip:	90290V861

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