By William Gullotti
Buffalo, N.Y., July 9 – UBS AG, London Branch priced $7.3 million of 0% capped trigger return notes due July 25, 2022 linked to the S&P GSCI Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 18%.
If the index falls by up to 90%, the payout will be par.
If the index finishes below the 90% downside threshold, investors will lose 1% for every 1% decline from initial index level.
J.P. Morgan Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Capped trigger return notes
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| Underlying index: | S&P GSCI Excess Return index
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| Amount: | $7.3 million
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| Maturity: | July 25, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at par plus 18%; par if index falls by up to 10%; otherwise, full exposure to index decline from initial level
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| Initial level: | 239.8357
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| Trigger level: | 215.8521; 90% of initial level
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| Pricing date: | July 2
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| Settlement date: | July 8
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| Agents: | J.P. Morgan Securities LLC and UBS Investment Bank
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| Fees: | 1%
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| Cusip: | 90276BY64
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