New Issue: UBS prices $3.19 million trigger gears linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Feb. 28 – UBS AG, London Branch priced $3.19 million of 0% trigger gears due Feb. 29, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par of $10 plus 3.47 times the index return. Investors will receive par if the index declines by 30% or less and have one-to-one exposure to the index’s decline from its initial level if it declines by more than 30%.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger gears
Underlying index:	Euro Stoxx 50
Amount:	$3,191,200
Maturity:	Feb. 29, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is greater than zero, par plus 3.47 times index return; par if index declines by 30% or less; full exposure to index’s decline from initial level if index declines by more than 30%
Initial index level:	3,289.32
Downside threshold:	2,302.52, 70% of initial level
Pricing date:	Feb. 26
Settlement date:	Feb. 28
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90281C245

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