New Issue: UBS prices $542,000 trigger callable contingent yield notes on Dow, Russell, S&P

By William Gullotti

Buffalo, N.Y., July 19 – UBS AG, London Branch priced $542,000 of trigger callable contingent yield notes due July 16, 2026 linked to the performance of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly contingent coupon at an annual rate of 8.8% if each index’s closing level is at least 65% of its initial level on the corresponding observation date.

After one year, the notes will be callable at par on any quarterly observation date.

If the notes are not called and each index finishes at or above its 65% coupon barrier, the payout at maturity will be par plus the final coupon.

If the worst performer finishes below its coupon barrier but at or above its 60% trigger level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performer’s final level is below its initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger callable contingent yield notes
Underlying indexes:	Dow Jones industrial average, Russell 2000 index, S&P 500 index
Amount:	$542,000
Maturity:	July 16, 2026
Coupon:	8.8% per year, payable monthly if each index closes at or above its coupon barrier on the relevant observation date
Price:	Para
Payout at maturity:	Par plus the final coupon if each index finishes at or above coupon barrier level; if worst performer finishes below coupon barrier but at or above trigger level, par; otherwise, full exposure to the decline of the worst performing index from initial level
Call option:	At par on any quarterly observation date after one year
Initial levels:	34,395.14 for Dow, 1,950.891 for Russell, 4,510.04 for S&P
Coupon barrier levels:	22,356.84 for Dow, 1,268.079 for Russell, 2,931.53 for S&P; 65% of initial levels
Trigger levels:	20,637.08 for Dow, 1,170.535 for Russell, 2,706.02 for S&P; 60% of initial levels
Pricing date:	July 13
Settlement date:	July 18
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.5%
Cusip:	90279GB24

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