New Issue: UBS sells $7.65 million capped buffer gears on basket of 19 stocks

By Wendy Van Sickle

Columbus, Ohio, April 9 – UBS AG, London Branch priced $7.65 million of 0% capped buffer gears due March 30, 2023 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange.

The stocks are Apple Inc., Advanced Micro Devices, Inc., American Tower Corp., Activision Blizzard, Inc., Broadcom Inc., Alibaba Group Holding Ltd., Equinix, Inc., Facebook, Inc., Alphabet Inc., KLA Corp., Lam Research Corp., Marvell Technology Group Ltd., Microsoft Corp., Micron Technology, Inc., Netflix, Inc., Qualcomm Inc., Qorvo, Inc., Twitter, Inc., Uber Technologies, Inc. and United Airlines Holdings, Inc.

If the basket finishes above the initial basket level, the payout at maturity will be par plus 2 times the basket return, capped at par plus 22%. If the basket falls but finishes at or above the downside threshold level, 90% of its initial level, the payout will be par. If the basket falls by more than 10%, investors will lose 1% for every 1% decline of the basket beyond 10%.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Capped buffer gears
Underlying basket:	Apple Inc., Advanced Micro Devices, Inc., American Tower Corp., Activision Blizzard, Inc., Broadcom Inc., Alibaba Group Holding Ltd., Equinix, Inc., Facebook, Inc., Alphabet Inc., KLA Corp., Lam Research Corp., Marvell Technology Group Ltd., Microsoft Corp., Micron Technology, Inc., Netflix, Inc., Qualcomm Inc., Qorvo, Inc., Twitter, Inc., Uber Technologies, Inc.; equally weighted
Amount:	$7,647,400
Maturity:	March 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If basket finishes above initial level, par plus 2 times basket return, capped at par plus 22%; if basket falls but finishes at or above downside threshold level, par; otherwise, 1% loss for every 1% decline of basket beyond 10%
Initial levels:	$121.21 for Apple Inc., $77.41 for Advanced Micro Devices, Inc., $238.82 for American Tower Corp., $92.40 for Activision Blizzard, Inc., $482.04 for Broadcom Inc., $227.26 for Alibaba Group Holding Ltd., $683.63 for Equinix, Inc., $283.02 for Facebook, Inc., $2,024.73 for Alphabet Inc., $319.94 for KLA Corp., $584.23 for Lam Research Corp., $46.97 for Marvell Technology Group Ltd., $236.48 for Microsoft Corp., $87.99 for Micron Technology, Inc., $508.05 for Netflix, Inc., $132.99 for Qualcomm Inc., $182.50 for Qorvo, Inc., $61.26 for Twitter, Inc., $54.71 for Uber Technologies
Downside threshold:	90% of initial level
Pricing date:	March 26
Settlement date:	March 31
Agents:	UBS Securities LLC. and UBS Investment Bank
Fees:	2%
Cusip:	90278X673

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