New Issue: UBS prices $2 million 7.35% trigger yield notes linked to S&P, Russell

By William Gullotti

Buffalo, N.Y., Aug. 15 – UBS AG, London Branch priced $2 million of 7.35% trigger yield notes due Aug. 14, 2024 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the final level of any index is less than 60% of the initial level, in which case investors will be fully exposed the decline of the worst performer from its initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$2,001,000
Maturity:	Aug. 14, 2024
Coupon:	7.35%, payable monthly
Price:	Par
Payout at maturity:	Par unless any index finishes below trigger level, in which case investors will be fully exposed to the decline of the worst performer from its initial level
Initial levels:	1,912.891 for Russell, 4,122.47 for S&P
Trigger levels:	1,147.735 for Russell, 2,473.48 for S&P; 60% of initial level
Strike date:	Aug. 9
Pricing date:	Aug. 10
Settlement date:	Aug. 15
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.4%
Cusip:	90279FQH7

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