SELECT INTO USING UNION QUERY

I want to create a new table in SQL Server with the following query. I am unable to understand why this query doesn't work.

Query1: Works

SELECT * FROM TABLE1
UNION
SELECT * FROM TABLE2 

Query2: Does not Work.

Error: Msg 170, Level 15, State 1, Line 7
Line 7: Incorrect syntax near ')'.

SELECT * INTO [NEW_TABLE]
FROM
(
    SELECT * FROM TABLE1
    UNION
    SELECT * FROM TABLE2
)