New Issue: UBS sells $350,000 trigger performance notes on Vanguard FTSE EM ETF

By Marisa Wong

Morgantown, W.Va., July 30 – UBS AG, London Branch priced $350,000 of 0% trigger performance securities due Aug. 1, 2023 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 115.80829% of the ETF’s return. Investors will receive par if the final share price is less than the initial share price but greater than or equal to the trigger level, 80% of the initial share price. If the final share price is less than the trigger level, investors will lose 1% for every 1% that the final share price is less than the initial share price.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger performance securities
Underlying ETF:	Vanguard FTSE Emerging Markets ETF
Amount:	$350,000
Maturity date:	Aug. 1, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final share price is greater than initial share price, par plus 115.80829% of ETF’s return; par if final share price is less than initial share price but greater than or equal to trigger level; otherwise, 1% loss for every 1% that final share price is less than initial share price
Initial share price:	$43.74
Trigger level:	$34.99, 80% of initial price
Pricing date:	July 27
Settlement date:	July 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90284Q746

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