New Issue: UBS sells $9.62 million trigger callable yield notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Jan. 19 – UBS AG, London Branch priced $9.62 million of 8.15% trigger callable yield notes due Jan. 16, 2025 linked to the least performing of the Dow Jones industrial average, the Russell 2000 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 quarterly on any monthly coupon payment date after six months.

The payout at maturity will be par unless the least-performing index finishes below its 70% downside threshold level, in which case investors will lose 1% for each 1% decline of the least-performing index.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger callable yield notes
Underlying indexes:	Dow Jones industrial average, Russell 2000 index, S&P 500 index
Amount:	$9,618,000
Maturity:	Jan. 16, 2025
Coupon:	8.15% per year, payable monthly
Price:	Par of $10
Payout at maturity:	Par unless least-performing index finishes below downside threshold, in which case 1% loss for each 1% decline of least-performing index
Call option:	At par on any monthly coupon date after six months
Initial level:	37,592.98 for Dow, 1,950.964 for Russell, 4,783.83 for S&P
Downside threshold:	26,315.09 for Dow, 1,365.675 for Russell, 3,348.68 for S&P; 70% of initial levels
Pricing date:	Jan. 12
Settlement date:	Jan. 18
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.25%
Cusip:	90279WZQ0

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