New Issue: UBS prices $4.17 million trigger autocallable contingent yield notes on two stocks

By Wendy Van Sickle

Columbus, Ohio, Aug. 5 – UBS AG, London Branch priced $4.17 million of trigger autocallable contingent yield notes due Aug. 3, 2023 linked to the common stocks of DuPont de Nemours, Inc. and PPG Industries, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at the rate of 10.58% per year if the shares of each stock close at or above the coupon barrier level, 60% of the initial share price, on the observation date for that month.

After six months, the notes will be automatically called at par if the shares of each stock close at or above the initial share price on any observation date other than the final one.

If the notes are not called and the final share price of each stock is greater than or equal to the downside threshold level, 60% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than the initial share price.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes
Underlying stock:	DuPont de Nemours, Inc. and PPG Industries, Inc.
Amount:	$4,126,000
Maturity:	Aug. 3, 2023
Contingent coupon:	10.58%, payable monthly if each stock closes at or above coupon barrier level on observation date for that month
Price:	Par
Payout at maturity:	Par unless either stock finishes below downside threshold level, in which case 1% loss for each 1% decline of laggard stock from initial level
Call:	After six months, automatically at par if each stock closes at or above initial level on any quarterly observation date other than the final one
Initial price:	$55.52 for DuPont, $110.41 for PPG
Coupon barrier:	$33.31 for DuPont, $66.25 for PPG, 60% of initial price
Downside threshold:	$33.31 for DuPont, $66.25 for PPG, 60% of initial price
Pricing date:	July 29
Settlement date:	July 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90276BEZ2

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