New Issue: UBS sells $119,500 trigger performance securities on SPDR Dow Jones ETF

By Sarah Lizee

Olympia, Wash., April 28 – UBS AG, London Branch priced $119,500 of 0% trigger performance securities due April 25, 2025 linked to the SPDR Dow Jones industrial average ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 128.862892% of any ETF gain.

If the ETF finishes below its initial price but at or above its trigger level, 70% of its initial level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger performance securities
Underlying ETF:	SPDR Dow Jones industrial average ETF
Amount:	$119,500
Maturity date:	April 25, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund gains, par plus 128.862892% of ETF gain; if ETF finishes below initial level but at or above trigger level, par; otherwise, full exposure to losses
Initial level:	$234.77
Trigger level:	$164.34, 70% of if its initial level
Pricing date:	April 22
Settlement date:	April 24
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90289G735

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