New Issue: UBS prices $4.78 million capped airbag gears linked to MSCI EAFE

By William Gullotti

Buffalo, N.Y., July 7 – UBS AG, London Branch priced $4.78 million of 0% capped airbag gears due Sept. 5, 2024 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return of 17.5%.

If the index return is zero or negative and the final index level is greater than the downside threshold, 80% of the initial level, the payout will be par.

If the final index level is less than the downside threshold, investors will lose 1.25% loss for each 1% that the index declines beyond 20%.

UBS Securities LLC and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Capped airbag gears
Underlying index:	MSCI EAFE index
Amount:	$4,775,000
Maturity:	Sept. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.5 times index return, subject to maximum return of 17.5%; if index return is zero or negative and final index level is greater than downside threshold, par; if final index level is less than downside threshold, 1.25% loss for each 1% that index declines beyond 20%
Initial level:	2,131.73
Downside threshold:	1,705.38; 80% of initial level
Strike date:	June 30
Pricing date:	July 3
Settlement date:	July 6
Underwriters:	UBS Securities LLC and UBS Investment Bank
Fees:	None
Cusip:	90279GXL8

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