New Issue: UBS sells $1.6 million trigger digital notes tied to VanEck Semiconductor ETF

By William Gullotti

Buffalo, N.Y., May 31 – UBS AG, London Branch priced $1.6 million of 0% trigger digital securities due May 29, 2024 linked to the performance of the VanEck Semiconductor ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF finishes at or above its initial level, the payout at maturity will be par plus 23%.

Investors will receive par if the ETF declines by no more than 10% and be fully exposed to loss if it finishes below the 90% downside threshold.

UBS Investment Bank and UBS Securities LLC are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger digital securities
Underlying ETF:	VanEck Semiconductor ETF
Amount:	$1,601,000
Maturity:	May 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF finishes at or above initial level, par plus 23%; if ETF falls by no more than 10%, par; otherwise, full exposure to decline of ETF
Initial price:	$124.38
Downside threshold:	$111.94; 90% of initial level
Pricing date:	May 5
Settlement date:	May 10
Agents:	UBS Investment Bank and UBS Securities LLC
Fees:	2%
Cusip:	90279GGK9

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