New Issue: UBS prices $99,981 24% trigger yield optimization notes linked to United Continental

New York, July 14 – UBS AG, London Branch priced $99,981 of 24% trigger yield optimization notes due July 19, 2021 linked to the common stock of United Continental Holdings Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $31.74, which is equal to the initial share price of United Continental stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of United Continental stock is less than 60% of the initial share price, in which case investors will receive one United Continental 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:	United Continental Holdings Inc. (Nasdaq: UAL)
Amount:	$99,981
Maturity:	July 19, 2021
Coupon:	24%, payable monthly
Price:	Par of $31.74
Payout at maturity:	If final share price is less than trigger price, one United Continental share; otherwise, par
Initial share price:	$31.74
Trigger price:	$19.04, 60% of initial price
Pricing date:	July 14
Settlement date:	July 16
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90289R228

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