Amount of Registration Fee 1. Any such actions could have an adverse effect on the value of the Securities. Foreign Account Tax Compliance Act. Treasury Department regulations, certain payments that are contingent upon or determined by reference to U. We will not pay any additional amounts in respect of such withholding. Specified Foreign Financial Assets.
Moreover, in , legislation was introduced in Congress that, if enacted, would have required holders of Securities purchased after the bill was enacted to accrue interest income over the term of the Securities despite the fact that there will be no interest payments over the term of the Securities. No further amounts will be owed to you under the Securities. The contingent repayment of principal only applies if you hold the Securities to maturity. The contingent coupon will be a fixed amount based upon equal quarterly installments at the contingent coupon rate, which is a per annum rate. The initial level of each underlying index is observed, and the trigger level and coupon barrier for each underlying index are determined. Amount of Registration Fee 1. You cannot tolerate a loss of all or a substantial portion of your investment, and you are not willing to make an investment that may have the same downside market risk as the least performing underlying index. Unlike an instrument with a return linked to a basket of indices or other underlying assets, in which risk is mitigated and diversified among all of the components of the basket, you will be exposed equally to the risks related to all of the underlying indices.
It is possible, however, that under such guidance, holders of the Securities will ultimately be required to accrue income currently in excess of any receipt of contingent coupons and this could be applied on a retroactive basis. You believe a trigger event will not occur, meaning the closing levels of all the underlying indices will be above their respective trigger levels on the final valuation date. Leverage Strategies provide leveraged exposure to the performance of an underlying asset.
You believe the closing level of each of the underlying indices will be equal to or greater than their respective coupon barriers on the specified observation dates including the final valuation date. If a trigger event occurs, UBS will repay less than the principal amount, if anything, resulting in a loss of principal that is proportionate to the negative underlying return of the least performing underlying index from the trade date to the final valuation date.
A percentage of the initial level of each underlying index, as specified on the first page of this pricing supplement.
Pricing Supplement dated March 15, If the Securities have not been called and a trigger event has occurred, UBS will repay less than the principal amount, if anything, resulting in a loss on your initial investment episodd to the decline of the least performing underlying index, for an amount equal to: The Securities may be suitable for you if: Contingent coupon payments on the Securities are not guaranteed.
You fully understand the risks inherent in an investment in the Securities, including the risk of loss of your entire initial investment. Generally, this non-payment of the contingent coupon coincides with a period of greater risk of principal loss on your Securities.
You are unwilling to invest in the Securities based on the coupon barriers and trigger levels of A trigger event is deemed to have occurred if the closing level of any one of the underlying indices is below its respective trigger level on the trigger observation date, which is the final valuation date. The Securities will not be subject to an automatic call if the level of any one underlying index is below its respective initial level on an observation date.
Quarterly callable after 1 year.
This greater expected risk will generally be reflected in a higher contingent coupon rate for that Security. In addition, the total return on the Securities will vary based on the number of observation dates on which the requirements of the contingent coupon have been met prior to maturity or an automatic call. You are urged to consult your tax advisor regarding the draft legislation and its possible impact on you. If the Securities are called, UBS will pay you the principal amount of your Securities plus the contingent coupon for that quarter and no further amounts will be owed to you under the Securities.
KarginHayer – Каргин Хайер
You are unable or unwilling to hold securities that may be called early, or you are otherwise unable or unwilling to hold such securities to maturity, a term of approximately 5 years, or you seek an investment for which there will be an active secondary market for the Securities. Various all at or above Coupon Barrier; below Initial Level.
The calculation agent will determine whether the contingent coupon is payable to you on any coupon payment date or whether the Securities are subject to an automatic call, or the amount you receive at maturity of the Securities. Various all below Coupon Barrier. You do not seek an investment with exposure to companies in the Eurozone.
Title of Each Class of Securities Offered.
Any reachap on the Securities, including any repayment of principal, is subject to the creditworthiness of the issuer. The closing level of each underlying index on the trade date, as specified on the first page of this pricing supplement. Any payment on the Securities, including any repayment of principal, is subject to the creditworthiness of UBS. Least Performing Underlying Index.
KarginHayer – Каргин Хайер
Optimization Strategies provide the opportunity novemner enhance market returns or yields and can be structured with full downside market exposure or with buffered or contingent downside market exposure. You will lose some or all of your principal amount if the Securities are not called and a trigger event occurs. The Securities will not be subject to an automatic call after 1 year if the level of any one underlying index is below its respective initial level on an observation date.
Contingent Coupon per Security. Rather, it will be contingent upon 8 performance of each individual underlying index. If the closing levels of all of the underlying indices are equal to or greater than their respective coupon barriers on any observation date, UBS will pay you a contingent coupon on the applicable coupon payment date. We or one of our affiliates may enter into swap agreements or related hedge transactions with one of our other affiliates or unaffiliated counterparties in connection with the sale of the Securities epsiode UBS or its affiliates may earn additional income as a result of payments pursuant to the swap or related hedge transactions.