New Issue: UBS sells $5.90 million three-year capped trigger gears tied to S&P 500

By Marisa Wong

Morgantown, W.Va., July 16 – UBS AG, London Branch priced $5,897,220 of 0% capped trigger gears due June 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 2 times the index return, capped at par plus 31.6%.

If the index falls by up to 25%, the payout will be par.

Investors will lose 1% for every 1% decline below the initial level if the index finishes below the 75% downside threshold.

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

Issuer:	UBS AG, London Branch
Issue:	Capped trigger gears
Underlying index:	S&P 500
Amount:	$5,897,220
Maturity:	June 30, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2 times any index gain, capped at par plus 31.6%; par if index falls by up to 25%; otherwise, full exposure to losses
Initial index level:	2,723.06
Downside threshold:	2,042.30, 75% of initial level
Pricing date:	June 26
Settlement date:	June 29
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90281A421

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