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Published on 3/8/2021 in the Prospect News Structured Products Daily.

New Issue: UBS sells $100,000 trigger return optimization securities on GE

By Marisa Wong

Los Angeles, March 8 – UBS AG, London Branch priced $100,000 of trigger return optimization securities due May 17, 2022 linked to the common stock of General Electric Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes above the initial price, the payout at maturity will be par plus 3 times the gain, capped at par plus 25.77%.

If the stock finishes flat or falls by up to 35%, the payout will be par. Otherwise, investors will share full in losses.

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

Issuer:UBS AG, London Branch
Issue:Trigger return optimization securities
Underlying stock:General Electric Co. (Symbol: GE)
Amount:$100,000
Maturity:May 17, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 3 times any share price gain, capped at par plus 25.77%; par if stock finishes flat or falls by up to 35%; otherwise, full exposure to any losses
Initial share price:$11.73
Trigger price:$7.62, 65% of initial price
Pricing date:Feb. 12
Settlement date:Feb. 17
Underwriters:UBS Financial Services Inc. and UBS Investment Bank
Fees:1%
Cusip:90285C324

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