New Issue: UBS sells $200,000 trigger performance notes linked to Dow Jones ETF

By Marisa Wong

Morgantown, W.Va., May 29 – UBS AG, London Branch priced $200,000 of 0% trigger performance securities due May 14, 2024 linked to the SPDR Dow Jones Industrial Average ETF, 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 134.298608% of the trust’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, 60% 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:	SPDR Dow Jones Industrial Average ETF
Amount:	$200,000
Maturity:	May 14, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final share price is greater than initial share price, par plus 134.298608% 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:	$258.44
Trigger level:	$155.06, 60% of initial price
Pricing date:	May 9
Settlement date:	May 13
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90287R741

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