New Issue: UBS sells $617,000 trigger return optimization securities on Ford

By Kiku Steinfeld

Chicago, Aug. 18 – UBS AG, London Branch priced $617,000 of trigger return optimization securities due Aug. 11, 2022 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.

If Ford stock finishes above the initial price, the payout at maturity will be par plus 2 times the gain, capped at par plus 61.1%.

If the stock return is zero or negative but the stock finishes at or above the 75% trigger level, the payout will be par. Otherwise, investors will share in any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger return optimization securities
Underlying stock:	Ford Motor Co.
Amount:	$617,000
Maturity:	Aug. 11, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2 times any share price gain, capped at par plus 61.1%; par if stock falls by up to 25%; otherwise, exposure to any share price decline
Initial share price:	$6.86
Trigger price:	$5.15, 75% of initial price
Pricing date:	Aug. 7
Settlement date:	Aug. 11
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90281N712

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