New Issue: UBS prices $1.21 million 7.4% trigger autocallable yield notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 21 – UBS AG, London Branch priced $1.21 million of 7.4% trigger autocallable yield notes due June 21, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par if the index closes at or above its initial level on any quarterly call date after one year.

The payout at maturity will be par unless the index finishes below its 75% downside threshold level, in which case investors will lose 1% for each 1% decline of the index.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable yield notes
Underlying index:	S&P 500 index
Amount:	$1,212,000
Maturity:	June 21, 2028
Coupon:	7.4% per year, payable quarterly
Price:	Par
Payout at maturity:	Par unless index finishes below downside threshold, in which case 1% loss for each 1% decline of index
Call:	Automatically at par if index closes at or above initial level on any quarterly evaluation date after one year
Initial level:	4,425.84
Downside threshold:	3,319.38; 75% of initial level
Pricing date:	June 15
Settlement date:	June 21
Underwriter:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90279GTK5

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