New Issue: UBS sells $400,000 performance securities linked to Energy Select SPDR

By Marisa Wong

Los Angeles, April 15 – UBS AG, London Branch priced $400,000 of 0% performance securities due April 14, 2025 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus 153.403674% of the return.

Investors will be fully exposed to any decline in the share price.

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

Issuer:	UBS AG, London Branch
Issue:	Performance securities
Underlying fund:	Energy Select Sector SPDR fund
Amount:	$400,000
Maturity:	April 14, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If ETF return is positive, par plus 153.403674% of gain; full exposure to losses
Initial price:	$33.91
Pricing date:	April 9
Settlement date:	April 13
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90289F604

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