New Issue: UBS prices $10 million trigger performance notes linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., May 29 - UBS AG, London Branch priced $10 million of 0% trigger performance securities due May 31, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 139.04% of the index return. Investors will receive par if the index falls by up to 50% and will be fully exposed to losses from the initial level if it falls by more than 50%.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger performance securities
Underlying index:	S&P 500
Amount:	$10,006,180
Maturity:	May 31, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 139.04% of index return; par if index falls by up to 50%; full exposure to losses if index falls more than 50%
Initial index level:	1,911.91
Trigger level:	955.96, 50% of initial level
Pricing date:	May 27
Settlement date:	May 30
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	5%
Cusip:	90272X216

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