New Issue: UBS prices $4.97 million 15.75% buffer yield notes linked to Apple, Nvidia, Shopify

By William Gullotti

Buffalo, N.Y., July 27 – UBS AG, London Branch priced $4.97 million of 15.75% buffer yield notes due July 25, 2024 linked to the lesser performing of the stocks of Apple Inc., Nvidia Corp. and Shopify Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is paid monthly.

The payout at maturity will be par unless the worst performing stock falls by more than 20%, in which case investors will have exposure to the losses of the worst performer beyond 20%

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

Issuer:	UBS AG, London Branch
Issue:	Buffer yield notes
Underlying stocks:	Apple Inc., Nvidia Corp., Shopify Inc.
Amount:	$4,972,000
Maturity:	July 25, 2024
Coupon:	15.75% annual rate, paid monthly
Price:	Par
Payout at maturity:	Par unless worst performing stock falls by more than 20%, in which case lose 1% for every 1% decline of the worst performer below 20%
Initial level:	$155.35 for Apple, $180.50 for Nvidia, $40.40 for Shopify
Buffer levels:	$124.28 for Apple, $144.40 for Nvidia, $32.32 for Shopify; 80% of initial levels
Strike date:	July 21
Pricing date:	July 22
Settlement date:	July 27
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.4%
Cusip:	90279FNJ6

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