New Issue: UBS sells $8.86 million capped leveraged buffered notes on S&P 500

By William Gullotti

Buffalo, N.Y., May 13 – UBS AG, London Branch priced $8.86 million of 0% capped leveraged buffered notes due June 20, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of par plus 33%.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

UBS Securities LLC is the agent. Simon Markets LLC is acting as dealer.

Issuer:	UBS AG, London Branch
Issue:	Capped leveraged buffered notes
Underlying index:	S&P 500 index
Amount:	$8,862,000
Maturity:	June 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at par plus 33%; par if index falls by up to 15%; otherwise, 1.1765% loss for every 1% decline beyond 15%
Initial level:	4,001.05
Buffer level:	3,400.8925; 85% of initial level
Pricing date:	May 10
Settlement date:	May 17
Agent:	UBS Securities LLC
Dealer:	Simon Markets LLC
Fees:	None
Cusip:	90279FBN0

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