New Issue: UBS prices $389,160 buffered return optimization securities on Target

New York, April 28 – UBS AG, London Branch priced $389,160 of buffered return optimization securities due May 2, 2022 linked to Target Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

If Target stock closes at or above its initial price, the payout at maturity will be par plus 1.25 times any gain, capped at par plus 15.4%.

If Target stock declines by up to 5%, the payout will be par. Investors will be exposed to any losses beyond 5%.

The agent is UBS Financial Services Inc. and UBS Investment Bank.

Issuer:	UBS AG, London Branch
Issue:	Buffered return optimization securities
Underlying stock:	Target Corp. (NYSE: TGT)
Amount:	$389,160
Maturity:	May 2, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.25 times return of Target stock, capped at 15.4%; par if stock declines by up to 5%; exposure to losses beyond 5%
Initial share price:	$204.36
Pricing date:	April 27
Settlement date:	April 29
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90286Y101

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