New Issue: UBS prices $380,000 buffered return optimization notes on SPDR Dow ETF

New York, April 22 – UBS AG, London Branch priced $380,000 of buffered return optimization securities due April 29, 2020 linked to the SPDR Dow Jones Industrial Average exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund closes at or above its initial price, the payout at maturity will be par plus two times any gain, capped at par plus 31.39%.

If the fund declines by up to 15%, the payout will be par. Investors will be exposed to any losses beyond 15%.

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

Issuer:	UBS AG, London Branch
Issue:	Buffered return optimization securities
Underlying ETF:	SPDR Dow Jones Industrial Average ETF
Amount:	$380,000
Maturity:	April 29, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus two times fund gain, capped at 31.39%; par if fund declines by up to 15%; exposure to losses beyond 15%
Initial share price:	$179.90
Pricing date:	April 22
Settlement date:	April 27
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3%
Cusip:	90275V548

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