New Issue: UBS prices $6.48 million step down trigger autocalls tied to Russell, Stoxx

By Wendy Van Sickle

Columbus, Ohio, July 19 – UBS AG, London Branch priced $6.48 million of 0% step down trigger autocallable notes due July 19, 2024 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annual call premium of 10% if each index closes at or above its initial level on any quarterly review date after six months or at or above its 70% downside threshold on the final date.

If the notes are not called, the payout at maturity will be par plus the return of the worse performing index with full exposure to any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Step down trigger autocallable notes
Underlying indexes:	Russell 2000 and Euro Stoxx 50
Amount:	$6,475,000
Maturity:	July 19, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus return with 1% loss per 1% decline of worse performing index
Call:	At par plus 10% per year if index closes at or above its initial level on any quarterly review date after six months or above 70% downside threshold on final date
Initial levels:	1,550.778 for Russell, 3,501.58 for Stoxx
Downside thresholds:	1,085.545 for Russell, 2,177.96 for Stoxx, 70% of initial levels
Pricing date:	July 17
Settlement date:	July 19
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.1%
Cusip:	90270KH36

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