New Issue: UBS sells $17.18 million capped leveraged notes tied to index basket

By Wendy Van Sickle

Columbus, Ohio, July 25 – UBS AG, London Branch priced $17.18 million of 0% capped leveraged notes due Aug. 23, 2023 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Topix index with a 50% weight and the MSCI Emerging Markets index with a 50% weight.

The payout at maturity will be par plus 150% of any basket gain up to a maximum settlement amount of $1,453 for each $1,000 principal amount.

Investors will have full exposure to any basket decline.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Capped leveraged notes
Underlying basket:	MSCI Emerging Markets index (50% weight) and Topix index (50% weight)
Amount:	$17,181,000
Maturity:	Aug. 23, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any basket gain up to maximum settlement amount of $1,453 for each $1,000 face amount; full exposure to any basket decline
Initial index levels:	1,946.44 for Topix, 986.56 for MSCI EM
Pricing date:	July 20
Settlement date:	July 27
Agent:	UBS Securities LLC
Fees:	0.95%
Cusip:	90279FLX7

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