New Issue: UBS prices $1.64 million trigger return optimization securities linked to S&P ETF

Chicago, Aug. 18 – UBS AG, London Branch priced $1,640,000 of trigger return optimization securities due Aug. 14, 2025 linked to the shares of SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF closes at or above the initial price, the payout at maturity will be par plus five times any gain, capped at 30.97%.

Investors will receive par if the ETF declines but finishes above the 75% trigger level and will share in any losses if it closes below the trigger level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger return optimization securities
Underlying ETF:	SPDR S&P 500 ETF Trust
Amount:	$1,640,000
Maturity:	Aug. 14, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus five times any gain in ETF, capped at 30.97%; par if ETF declines but finishes above the trigger level; otherwise, exposure to any losses
Initial share price:	$411.35
Trigger level:	$308.51, 75% of initial price
Pricing date:	Aug. 9
Settlement date:	Aug. 11
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90303Q693

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