New Issue: UBS prices $15.35 million 7.1% trigger callable yield notes on Nasdaq, S&P

By William Gullotti

Buffalo, N.Y., Aug. 22 – UBS AG, London Branch priced $15.35 million of 7.1% trigger callable yield notes due Nov. 22, 2023 linked to the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any monthly call date after three months.

The payout at maturity will be par unless any index finishes below its 55% downside threshold level, in which case investors will lose 1% for each 1% decline of the worst performer from its initial level.

UBS Financial Services Inc. is the agent.

Issuer:	UBS AG, London Branch
Issue:	Trigger callable yield notes
Underlying indexes:	Nasdaq-100 index, S&P 500 index
Amount:	$15,352,000
Maturity:	Nov. 22, 2023
Coupon:	7.1% per year, payable monthly
Price:	Par of $10
Payout at maturity:	Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline worst performer from initial level
Call option:	At par on any monthly evaluation date after three months
Initial levels:	13,470.86 for Nasdaq, 4,274.04 for S&P
Downside thresholds:	7,408.97 for Nasdaq, 2,350.72 for S&P; 55% of initial level
Pricing date:	Aug. 17
Settlement date:	Aug. 22
Agent:	UBS Financial Services Inc.
Fees:	1%
Cusip:	90289U700

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