New Issue: UBS sells $12.3 million trigger callable yield notes on S&P 500

By Sarah Lizee

Olympia, Wash., May 26 – UBS AG London Branch priced $12.3 million of 4.85% trigger callable yield notes due May 26, 2022 linked to 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 on any coupon payment date after three months.

The payout at maturity will be par of $10 unless the index finishes below its 50% 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 callable yield notes
Underlying index:	S&P 500 index
Amount:	$12,304,600
Maturity:	May 26, 2022
Coupon:	4.85% per year, payable monthly
Price:	Par of $10
Payout at maturity:	Par unless index finishes below downside threshold, in which case 1% loss for each 1% decline of index
Call option:	At par on any coupon date after three months
Initial level:	2,955.45
Downside threshold:	1,477.73; 50% of initial level
Pricing date:	May 22
Settlement date:	May 28
Underwriter:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90281J745

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