New Issue: UBS prices $7.40 million barrier absolute return notes on S&P 500

By Marisa Wong

Morgantown, W.Va., July 11 – UBS AG, London Branch priced $7,396,000 of 0% barrier absolute return market-linked notes with daily barrier observation due June 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A barrier event will occur if the index closes above the upper barrier, 120.15% of the initial level, or below the lower barrier, 79.85% of the initial level, on any day during the life of the notes.

If a barrier event occurs, the payout at maturity will be par of $1,000 plus 2%.

If no barrier event occurs, the payout will be par plus the absolute value of the index return.

Investors will receive at least par at maturity.

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

Issuer:	UBS AG, London Branch
Issue:	Barrier absolute return market-linked notes with daily barrier observation
Underlying index:	S&P 500
Amount:	$7,396,000
Maturity:	June 30, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the index closes above the upper barrier or below the lower barrier on any day during the life of the notes, par plus 2%; otherwise, par plus the absolute value of the index return
Initial level:	2,723.06
Upper barrier:	3,271.76, 120.15% of initial level
Lower barrier:	2,174.36, 79.85% of initial level
Pricing date:	June 26
Settlement date:	June 29
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.5%
Cusip:	90270KSL4

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