New Issue: UBS prices $10 million trigger yield notes linked to S&P

By Wendy Van Sickle

Columbus, Ohio, July 18 – UBS AG, London Branch priced $10 million of 7.1% trigger yield notes due April 6, 2023 linked to 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 the index is less than 70% of the initial level, in which case investors will be fully exposed to all losses.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield notes
Underlying index:	S&P 500 index
Amount:	$10 million
Maturity:	April 6, 2023
Coupon:	7.1%, payable monthly
Price:	Par
Payout at maturity:	If final level is less than trigger level, full exposure to loss; otherwise, par
Initial level:	3,818.8
Trigger level:	2,673.16, 70% of initial level
Pricing date:	July 13
Settlement date:	July 15
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.75%
Cusip:	90289U502

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