New Issue: UBS sells $12.24 million trigger callable yield notes on S&P

By Wendy Van Sickle

Columbus, Ohio, May 16 – UBS AG, London Branch priced $12.24 million of 8.16% trigger callable yield notes due Aug. 16, 2023 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 70% 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
Amount:	$12,243,250
Maturity:	Aug. 16, 2023
Coupon:	8.16% 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 starting after three months
Initial level:	3,935.18
Downside threshold:	2,754.63; 70% of initial level
Pricing date:	May 11
Settlement date:	May 16
Underwriter:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	9026MP726

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