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Published on 8/6/2021 in the Prospect News Structured Products Daily.

New Issue: UBS prices $5.53 million capped trigger securities on Energy Select Sector SPDR fund

By Wendy Van Sickle

Columbus, Ohio, Aug. 6 – UBS AG, London Branch priced $5.53 million of 0% capped trigger securities due June 9, 2023 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout will be par plus the return, capped at $15.10 per $10.00 note.

If the fund falls by up to 25%, the payout will be par.

If the fund falls by more than 25%, investors will be fully exposed to the decline of the fund.

UBS Financial Services Inc. is the agent with UBS Financial Services Inc. as selling agent.

Issuer:UBS AG, London Branch
Issue:Capped trigger securities
Underlying fund:Energy Select Sector SPDR fund
Amount:$5,532,500
Maturity:June 9, 2023
Coupon:0%
Price:Par of $10
Payout at maturity:If the fund return is positive, par plus the return, capped at $15.10 per $10.00 note; if the fund falls by up to 25%, par; if the fund falls by more than 25%, investors will be fully exposed to the decline of the fund
Initial level:$55.51
Downside threshold:$41.63, 75% of initial fund level
Pricing date:June 7
Settlement date:June 10
Underwriter:UBS Financial Services Inc. with UBS Financial Services Inc. as selling agent
Fees:2%
Cusip:90278Y812

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