New Issue: UBS sells $7.32 million digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, July 15 – UBS AG, London Branch priced $7.32 million of 0% digital index-linked notes due Oct. 21, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 90% buffer level, the payout at maturity will be $1,086.80 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond the 10% buffer.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Digital index-linked notes
Underlying index:	S&P 500
Amount:	$7,316,000
Maturity:	Oct. 21, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above its 90% buffer level, $1,086.80 per $1,000 principal amount of notes; otherwise, 1.1111% loss for every 1% that the index declines beyond 10% buffer
Initial index level:	4,195.99
Buffer level:	3,776.391, 90% of initial level
Pricing date:	May 26
Settlement date:	June 3
Agent:	UBS Securities LLC
Fees:	0%
Cusip:	90276BL27

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