New Issue: UBS sells $2.78 million trigger performance notes on UBS Bloomberg CMCI

By Marisa Wong

Madison, Wis., July 3 – UBS AG, London Branch priced $2.78 million of 0% trigger performance securities due July 5, 2024 linked to the UBS Bloomberg Constant Maturity Commodity Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 193% of the index return. Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if it falls by more than 40%.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger performance securities
Underlying index:	UBS Bloomberg Constant Maturity Commodity Index Excess Return
Amount:	$2,775,000
Maturity:	July 5, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 193% of index return; par if index falls by up to 40%; full exposure to losses if index falls more than 40%
Initial index level:	1,208.163
Trigger level:	724.898, 60% of initial level
Pricing date:	June 30
Settlement date:	July 3
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3%
Cusip:	90273E274

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