New Issue: UBS prices $2.6 million capped buffer gears linked to S&P

By Kiku Steinfeld

Chicago, June 15 – UBS AG, London Branch priced $2.6 million of 0% capped buffer gears due May 27, 2022 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 1.5 times any index gain, capped at par plus 12.42%.

Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.

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

Issuer:	UBS AG, London Branch
Issue:	Capped buffer gears
Underlying index:	S&P 500
Amount:	$2,600,000
Maturity:	May 27, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at par plus 12.42%; par if index falls by up to 5%; 1% loss for every 1% decline beyond buffer
Initial level:	4,127.83
Downside threshold:	3,921.44, 95% of initial level
Pricing date:	May 19
Settlement date:	May 21
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90276BK51

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