New Issue: UBS prices $1.42 million trigger step performance notes on Euro Stoxx

By Marisa Wong

Morgantown, W.Va., April 5 – UBS AG, London Branch priced $1.42 million of 0% trigger step performance securities due March 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the 36.25% step return and the index return. Investors will receive par if the index falls by up to 25% and will be fully exposed to declines from the initial level if it falls by more than 25%.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger step performance securities
Underlying index:	Euro Stoxx 50
Amount:	$1,416,500
Maturity:	March 31, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is zero or positive, par plus greater of index return and 36.25%; par if index falls by 25% or less; full exposure to losses if index falls by more than 25%
Initial index level:	3,004.87
Trigger level:	2,253.65, 75% of initial level
Pricing date:	March 29
Settlement date:	March 31
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3%
Cusip:	90275L821

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