New Issue: UBS prices $1.06 million trigger autocallable contingent yield notes on three stocks

By Wendy Van Sickle

Columbus, Ohio, July 6 – UBS AG, London Branch priced $1.06 million of trigger autocallable contingent yield notes due July 3, 2025 linked to the least performing of the common stocks of International Business Machines Corp., Intel Corp. and Qualcomm Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at the rate of 8.5% per year if each stock closes at or above its coupon barrier, 70% of its initial level, on the related observation date.

The notes will be automatically called at par plus coupon if the shares of each stock close at or above its initial share price on any quarterly call observation date after six months.

If the notes are not called and the final share price of each stock is greater than or equal to the downside threshold level, 60% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than its initial share price paid in shares of cash at the issuer’s option.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes
Underlying stocks:	International Business Machines Corp., Intel Corp., Qualcomm Inc.
Amount:	$1,058,000
Maturity:	July 3, 2025
Coupon:	8.5% per year, paid quarterly, if each stock closes at or above its coupon barrier on any related observation date
Price:	Par
Payout at maturity:	Par unless any stock finishes below downside threshold level, in which case 1% loss for each 1% decline of laggard stock from initial level paid in shares or cash
Call:	Automatically at par plus coupon if each stock closes at or above initial level on any quarterly call observation date after six months
Initial levels:	$146.59 for IBM, $56.14 for Intel, $142.93 for Qualcomm
Coupon barrier levels:	$87.95 for IBM, $33.68 for Intel, $85.76 for Qualcomm; 60% of initial levels
Downside thresholds:	$87.95 for IBM, $33.68 for Intel, $85.76 for Qualcomm; 60% of initial levels
Pricing date:	June 30
Settlement date:	July 6
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	1.5%
Cusip:	90276BX24

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