By Wendy Van Sickle
Columbus, Ohio, July 24 – UBS AG London Branch priced $10.7 million of 5.1% trigger callable yield notes due July 27, 2022 linked to the SPDR S&P 500 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on any coupon payment date after three months.
The payout at maturity will be par of $10 unless the ETF finishes below its 55% downside threshold level, in which case investors will lose 1% for each 1% decline of the ETF.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG London Branch
|
| Issue: | Trigger callable yield notes
|
| Underlying ETF: | SPDR S&P 500 ETF trust
|
| Amount: | $10,696,300
|
| Maturity: | July 27, 2022
|
| Coupon: | 5.1% per year, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless ETF finishes below downside threshold, in which case 1% loss for each 1% decline of ETF
|
| Call option: | At par on any coupon date after three months
|
| Initial level: | $326.86
|
| Downside threshold: | $179.77; 55% of initial level
|
| Pricing date: | July 22
|
| Settlement date: | July 27
|
| Underwriter: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1%
|
| Cusip: | 90281K700
|
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