New Issue: UBS sells $1.5 million trigger callable contingent yield notes with knock-in monitoring

By William Gullotti

Buffalo, N.Y., July 7 – UBS AG, London Branch priced $1.5 million of trigger callable contingent yield notes with daily close monitoring knock-in due Jan. 9, 2025 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 8.8% if each index’s closing level is at least 60% of its initial level on the corresponding observation date.

The notes are callable at par plus any coupon otherwise due on any quarterly observation date after six months.

If the notes have not been called, the payout at maturity will be par unless any index closes below its 50% knock-in level during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger callable contingent yield notes with daily close monitoring knock-in
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:	$1.5 million
Maturity:	Jan. 9, 2025
Coupon:	8.8% per year, payable monthly if each index closes at or above its coupon barrier level on the relevant observation date
Price:	Par
Payout at maturity:	Par unless any index closes below its knock-in level during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level.
Call option:	At par plus any coupon otherwise due on any quarterly observation date after six months
Initial levels:	4,446.82 for S&P, 1,872.907 for Russell, 15,203.78 for Nasdaq
Coupon barrier levels:	2,668.09 for S&P, 1,123.744 for Russell, 9,122.27 for Nasdaq; 60% of initial levels
Knock-in levels:	2,223.41 for S&P, 936.454 for Russell, 7,601.89 for Nasdaq; 50% of initial levels
Pricing date:	July 5
Settlement date:	July 10
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.65%
Cusip:	90279GVZ9

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