New Issue: UBS prices $2.62 million trigger autocallable notes on Russell, S&P

By William Gullotti

Buffalo, N.Y., June 9 – UBS AG, London Branch priced $2.62 million of 0% trigger autocallable notes due June 1, 2028 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 10.05% annualized call premium if each index closes at or above its initial level on any quarterly observation date after six months.

If the notes are not called, the payout at maturity will be par unless any index finishes below its 75% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$2.62 million
Maturity:	June 1, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline of worst performing index from initial level
Call:	At par plus a 10.05% annualized call premium if all indexes close at or above initial levels on any quarterly observation date after six months
Initial levels:	4,205.45 for S&P, 1,773.022 for Russell
Downside thresholds:	3,154.09 for S&P, 1,329.767 for Russell; 75% of initial levels
Pricing date:	May 26
Settlement date:	May 31
Agent:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.85%
Cusip:	90279GKS7

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