New Issue: UBS sells $1.01 million trigger performance securities on SPDR S&P 500 ETF trust

By Sarah Lizee

Olympia, Wash., Sept. 2 – UBS AG, London Branch priced $1.01 million of 0% trigger securities due Sept. 3, 2025 linked to the SPDR S&P 500 exchange-traded fund trust, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 102.86% of any ETF gain.

If the ETF closes at or above its trigger level, 75% of its initial level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger performance securities
Underlying ETF:	SPDR S&P 500 ETF trust
Amount:	$1,012,000
Maturity date:	Sept. 3, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund gains, par plus 102.86% of any ETF gain; if ETF closes at or above trigger level, par; otherwise, full exposure to any losses
Initial level:	$350.58
Trigger level:	$262.94, 75% of if its initial level
Pricing date:	Aug. 28
Settlement date:	Sept. 1
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3%
Cusip:	90281M342

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