New Issue: UBS prices $499,978 10.99% trigger yield optimization notes linked to iShares MSCI Brazil

New York, Sept. 22 – UBS AG, London Branch priced $499,978.36 of 10.99% annualized trigger yield optimization notes due March 25, 2024 linked to the iShares MSCI Brazil ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $32.29, which is equal to the initial share price of the ETF.

Interest is payable monthly.

The payout at maturity will be par unless the final price of the ETF is less than 81% of the initial share price, in which case investors will receive one iShares MSCI Brazil share per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying ETF:	iShares MSCI Brazil ETF
Amount:	$499,978.36
Maturity:	March 25, 2024
Coupon:	10.99%, payable monthly
Price:	Par of $32.29
Payout at maturity:	If final share price is less than trigger price, one iShares MSCI Brazil share; otherwise, par
Initial share price:	$32.29
Trigger price:	$26.15, 81% of initial price
Pricing date:	Sept. 20
Settlement date:	Sept. 22
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.85%
Cusip:	90302C372

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