New Issue: UBS prices $6.01 million digital notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 25 – UBS AG, London Branch priced $6.01 million of 0% digital notes due Feb. 19, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the buffer level, 90% of the initial index level, the payout at maturity will be $1,109.60 per $1,000 principal amount of notes.

If the final index level is less than the buffer level, investors will lose 1.1111% for each 1% that the index declines beyond 10%.

UBS Securities LLC is the underwriter.

Issuer:	UBS AG, London Branch
Issue:	Digital notes
Underlying indexes:	S&P 500
Amount:	$6,007,000
Maturity:	Feb. 19, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to buffer level, $1,109.60 per $1,000 principal amount of notes; if final index level is less than buffer level, 1.1111% for each 1% that index declines beyond 10%
Initial level:	3,005.47
Buffer level:	2,704.923, 90% of initial index level
Pricing date:	July 23
Settlement date:	July 30
Underwriter:	UBS Securities LLC
Fees:	None
Cusip:	90270KH69

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