New Issue: UBS AG prices $2.67 million of trigger return notes linked to S&P 500

By Kiku Steinfeld

Chicago, Aug. 13 – UBS AG, London Branch priced $2.67 million of 0% trigger return notes due Feb. 3, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain.

If the index closes at or above trigger level, 84.25% of it is initial value, investors will receive par.

If the index closes below 84.25% of initial level, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger return notes
Underlying index:	S&P 500
Amount:	$2,673,000
Maturity:	Feb. 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if the index closes at or above the trigger level; full exposure to any losses if the index closes below trigger level
Initial level:	2,932.05
Trigger level:	2,470.25, 84.25% of initial level
Pricing date:	Aug. 2
Settlement date:	Aug. 7
Agents:	J.P. Morgan Securities LLC and UBS Investment Bank
Fees:	1.25%
Cusip:	90270KJ42

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