By Marisa Wong
Los Angeles, June 22 – UBS AG, London Branch priced $500,000 of 0% trigger performance securities due June 10, 2025 linked to the SPDR Dow Jones industrial average ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 123.838758% of any ETF gain.
If the ETF finishes flat or falls by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to the ETF decline.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger performance securities
|
| Underlying ETF: | SPDR Dow Jones industrial average ETF
|
| Amount: | $500,000
|
| Maturity: | June 10, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 123.838758% of any ETF gain; par if ETF finishes flat or falls by up to 25%; otherwise, full exposure to losses
|
| Initial value: | $271.54
|
| Trigger value: | $203.66, 75% of initial value
|
| Pricing date: | June 5
|
| Settlement date: | June 9
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.75%
|
| Cusip: | 90289L627
|
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