New Issue: UBS prices $2 million capped buffer gears linked to index basket

By Wendy Van Sickle

Columbus, Ohio, Jan. 13 – UBS AG London Branch priced $2 million of 0% capped buffer gears due Feb.15, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Nasdaq-100 index with a 33.33% weight, the Russell 2000 index with a 33.33% weight and the S&P 500 index with a 33.33% weight.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus 1.25 times the basket return, subject to a maximum return of 28%. Investors will receive par if the basket declines by 20% or less and will lose 1% for every 1% that the basket declines beyond 20%.

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

Issuer:	UBS AG London Branch
Issue:	Capped buffer gears
Underlying basket:	Nasdaq-100 (33.33% weight), Russell 2000 (33.33% weight), S&P 500 (33.33% weight)
Amount:	$2 million
Maturity:	Jan. 9, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket return is greater than zero, par plus 1.25 times basket return, subject to maximum return of 28%; par if basket declines by 20% or less; 1% loss for every 1% that basket declines beyond 20%
Initial levels:	11,108.45 for Nasdaq, 1,795.11 for Russell, 3,892.09 for S&P
Buffer level:	80% of initial basket level
Pricing date:	Jan. 9
Settlement date:	Jan. 12
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0%
Cusip:	90279FR29

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