New Issue: UBS prices $275,000 trigger autocallables linked to Netflix

New York, July 26 – UBS AG, London Branch priced $275,000 of 0% trigger autocallable optimization securities due July 30, 2020 linked to the common stock of Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call return of 14.39% per year if Netflix shares close at or above the initial share price on any observation date, which occurs every two months.

If the notes are not called and Netflix shares finish at or above the trigger price, 65% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable optimization securities
Underlying stock:	Netflix, Inc. (Nasdaq: NFLX)
Amount:	$275,000
Maturity:	July 30, 2020
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par if Netflix shares finish at or above trigger price; otherwise, full exposure to share price decline
Call:	Automatically at par plus 14.39% per year if Netflix shares close at or above initial share price on any observation date, which occurs every two months
Initial share price:	$363.09
Trigger price:	$236.01, 65% of initial price
Pricing date:	July 26
Settlement date:	July 30
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.5%
Cusip:	90284Q712

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