New Issue: UBS sells $175,000 airbag yield optimization notes on Tesla

By Marisa Wong

Los Angeles, April 26 – UBS AG, London Branch priced $175,000 of 15.4% annualized airbag yield optimization notes due March 16, 2022 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the final share price is less than the 75% conversion price, in which case investors will receive an amount in cash equal to the final share price multiplied by the quotient of $1,000 divided by the conversion price.

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

Issuer:	UBS AG, London Branch
Issue:	Airbag yield optimization notes
Underlying stock:	Tesla, Inc. (Symbol: TSLA)
Amount:	$175,000
Maturity:	March 16, 2022
Coupon:	15.4% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless final share price is less than 75% conversion price, in which case amount in cash equal to final share price multiplied by quotient of $1,000 divided by conversion price
Initial share price:	$699.609
Conversion price:	$524.70, 75% of initial price
Pricing date:	March 11
Settlement date:	March 15
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90285M264

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