New Issue: UBS prices $22.94 million buffer gears linked to iShares MSCI EAFE ETF

By Marisa Wong

Los Angeles, April 1 – UBS AG, London Branch priced $22.94 million of 0% buffer gears due March 31, 2025 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par plus 2 times the ETF return. Investors will receive par if the ETF declines by 15% or less and will lose 1% for every 1% that the ETF declines below its initial value if it falls by more than 15%.

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

Issuer:	UBS AG, London Branch
Issue:	Buffer gears
Underlying ETF:	iShares MSCI EAFE ETF
Amount:	$22,935,000
Maturity:	March 31, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2 times any ETF gain; par if ETF declines by 15% or less; if ETF declines by more than 15%, 1% loss for every 1% ETF decline below initial value
Initial value:	$54.41
Downside threshold:	$46.25, or 85% of initial value
Pricing date:	March 26
Settlement date:	March 31
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.15%
Cusip:	90276BAH6

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