New Issue: UBS prices $359,936 6.18% trigger yield optimization notes linked to Ally Financial

New York, July 24 – UBS AG, London Branch priced $359,936.46 of 6.18% annualized trigger yield optimization notes due April 27, 2018 linked to the common stock of Ally Financial Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $21.87, which is equal to the initial share price of Ally Financial stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Ally Financial stock is less than 71% of the initial share price, in which case investors will receive one Ally Financial share per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Ally Financial Inc. (NYSE: ALLY)
Amount:	$359,936.46
Maturity:	April 27, 2018
Coupon:	6.18%, payable monthly
Price:	Par of $21.87
Payout at maturity:	If final share price is less than trigger price, one Ally Financial share; otherwise, par
Initial share price:	$21.87
Trigger price:	$15.53, 71% of initial price
Pricing date:	July 24
Settlement date:	July 27
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.75%
Cusip:	90278J732

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