New Issue: UBS prices $2.88 million trigger gears due 2023 linked to Stoxx 50

By Sarah Lizee

Olympia, Wash., July 2 – UBS AG, London Branch priced $2.88 million of 0% trigger gears due June 30, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 3.266 times any index gain.

Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% downside threshold.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger gears
Underlying index:	Euro Stoxx 50
Amount:	$2,880,510
Maturity:	June 30, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 3.266 times any index gain; par if index falls by up to 30%; full exposure to losses if index finishes below 70% downside threshold
Initial level:	3,397.13
Downside threshold:	2,377.99, 70% of initial level
Pricing date:	June 27
Settlement date:	June 29
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	$0.35
Cusip:	90281A439

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