New Issue: UBS sells $100,000 trigger performance securities linked to Cisco Systems

By Sarah Lizee

Olympia, Wash., May 12 – UBS AG, London Branch priced $100,000 of 0% trigger performance securities due May 15, 2025 linked to the common stock of Cisco Systems, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 152.396409% of any gain in the stock.

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

Otherwise, investors will be fully exposed to any share price decline.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Trigger performance securities
Underlying stock:	Cisco Systems, Inc.
Amount:	$100,000
Maturity date:	May 15, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If stock gains, par plus 152.396409% of return; if stock falls by up to 25%, par; otherwise, full exposure to share price decline
Initial price:	$43.32
Trigger price:	$32.49, 75% of initial price
Pricing date:	May 11
Settlement date:	May 13
Agent:	UBS Securities LLC
Fees:	2.5%
Cusip:	90289J341

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