New Issue: UBS prices $2.33 million capped buffered notes on S&P 500

By Kiku Steinfeld

Chicago, July 13 – UBS AG, London Branch priced $2.33 million of 0% capped buffered notes due Aug. 11, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum settlement amount of $1,075 per $1,000 of notes.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Capped buffered notes
Underlying index:	S&P 500
Amount:	$2,327,000
Maturity:	Aug. 11, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at $1,075 per $1,000 of notes; par if index falls by up to 20%; otherwise, 1.25% loss for every 1% decline beyond 20%
Initial level:	3,169.94
Buffer level:	2,535.952, 80% of initial level
Pricing date:	July 8
Settlement date:	July 15
Agent:	UBS Securities LLC
Fees:	1.33%
Cusip:	90276BES8

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