New Issue: UBS prices $1.43 million trigger digital notes linked to EM fund, Euro Stoxx

By Angela McDaniels

Tacoma, Wash., March 26 – UBS AG London Branch priced $1.43 million of 0% trigger digital notes due Sept. 29, 2020 linked to the lesser performing of the iShares MSCI Emerging Markets exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlier finishes at or above its digital barrier, 75% of its initial level, the payout at maturity will be par plus 12%. If either underlier finishes below its digital barrier, investors will have one-to-one exposure to the lesser-performing underlier’s decline from its initial level.

UBS Securities LLC and UBS Investment Bank are the underwriters.

Issuer:	UBs AG, London Branch
Issue:	Trigger digital notes
Underliers:	iShares MSCI Emerging Markets ETF and Euro Stoxx 50 index
Amount:	$1,427,000
Maturity:	Sept. 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlier finishes at or above digital barrier, par plus 12%; if either underlier finishes below digital barrier, one-to-one exposure to lesser-performing underlier’s decline from initial level
Initial levels:	$42.43 for ETF and 3,305.73 for index
Digital barriers:	$31.82 for ETF and 2,479.30 for index; 75% of initial levels
Pricing date:	March 22
Settlement date:	March 29
Underwriters:	UBS Securities LLC and UBS Investment Bank
Fees:	1.5%
Cusip:	90270KYC7

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