By Marisa Wong
Morgantown, W.Va., April 2 – UBS AG, London Branch priced $1.42 million of 0% trigger gears due March 31, 2021 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.2 times any ETF gain.
Investors will receive par if the ETF falls by up to 20% and will be fully exposed to any losses if the ETF finishes below the 80% downside threshold level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger gears
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| Underlying ETF: | Energy Select Sector SPDR fund
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| Amount: | $1.42 million
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| Maturity: | March 31, 2021
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.2 times any ETF gain; par if ETF falls by up to 20%; full exposure to any losses if ETF finishes below downside threshold
|
| Initial value: | $67.97
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| Downside threshold: | $54.38, 80% of initial value
|
| Pricing date: | March 26
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| Settlement date: | March 29
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.5%
|
| Cusip: | 90280Y545
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