New Issue: UBS sells $1.78 million capped trigger gears on Financial Select Sector

By Marisa Wong

Morgantown, W.Va., July 1 – UBS AG, London Branch priced $1.78 million of 0% capped trigger gears due June 28, 2019 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any fund gain, up to a maximum return of 38.4%.

Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund finishes below the 75% downside threshold level.

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

Issuer:	UBS AG, London Branch
Issue:	Capped trigger gears
Underlying fund:	Financial Select Sector SPDR fund
Amount:	$1,784,750
Maturity:	June 28, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any fund gain, up to a maximum return of 38.4%; par if the fund falls by up to 25%; full exposure to any losses if the fund finishes below the 75% downside threshold level
Initial price:	$21.45
Downside threshold:	$16.09, 75% of initial price
Pricing date:	June 27
Settlement date:	June 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90275R653

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