New Issue: UBS prices $1.05 million trigger in-step notes tied to three stocks

By William Gullotti

Buffalo, N.Y., Dec. 19 – UBS AG, London Branch priced $1.05 million of 0% capped trigger in-step securities due Jan. 19, 2024 linked to the stock performance of Apple Inc., Bank of America Corp. and Berkshire Hathaway Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the lowest performing stock finishes at or above its 70% downside threshold, the payout at maturity will be par plus the greater of the 16.7% step return and the return of that stock.

Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Capped trigger in-step securities
Underlying stocks:	Apple Inc., Bank of America Corp., Berkshire Hathaway Inc.
Amount:	$1.05 million
Maturity:	Jan. 19, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If lowest performing stock finishes at or above 70% downside threshold, par plus greater of 16.7% and that stock’s return; otherwise, 1% loss per 1% decline of worst performer from initial level
Initial levels:	$143.21 for Apple, $32.28 for BofA, $309.29 for Berkshire Hathaway
Downside threshold/step barrier:	$100.25 for Apple, $22.60 for BofA, $216.50 for Berkshire Hathaway; 70% of initial levels
Pricing date:	Dec. 14
Settlement date:	Dec. 19
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90279FG62

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