New Issue: UBS prices $19.09 million capped leveraged buffered notes on S&P 500

By Marisa Wong

Los Angeles, July 28 – UBS AG, London Branch priced $19.09 million of 0% capped leveraged buffered notes due Oct. 18, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 160% of any index gain, up to a maximum settlement amount of $1,194.08 per $1,000 principal amount.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

UBS Securities LLC is the agent. Simon Markets LLC is acting as a dealer.

Issuer:	UBS AG, London Branch
Issue:	Capped leveraged buffered notes
Underlying index:	S&P 500 index
Amount:	$19,089,000
Maturity:	Oct. 18, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.6 times any index gain, capped at par plus 19.408%; par if index falls by up to 15%; otherwise, 1.1765% loss for every 1% decline beyond 15%
Initial level:	3,966.84
Buffer level:	3,371.814, 85% of initial level
Pricing date:	July 25
Settlement date:	Aug. 1
Agent:	UBS Securities LLC
Dealer:	Simon Markets LLC
Fees:	None
Cusip:	90279FNE7

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