New Issue: UBS sells $1.09 million trigger gears tied to Dow, S&P

By Wendy Van Sickle

Columbus, Ohio, June 17 – UBS AG, London Branch priced $1.09 million of 0% trigger gears due June 13, 2024 linked to the least performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index return is positive, the payout at maturity will be par plus 1.15 times the least performing index return.

If any index falls by up to 30%, the payout will be par.

Investors will lose 1% for every 1% decline of the least performing index from its initial level if it finishes below the 70% downside threshold.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger gears
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$1,085,000
Maturity:	June 13, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is positive, par plus 1.15 times the least performing index return; if any index falls by up to downside threshold, par; otherwise, 1% loss for every 1% decline of the least performing index from its initial level
Initial index levels:	4,219.55 for S&P, 34,447.17 for Dow
Downside thresholds:	2,953.69 for S&P, 24,113.0 for Dow, 70% of initial levels
Pricing date:	June 9
Settlement date:	June 11
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0%
Cusip:	90276BQ71

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