New Issue: UBS prices $3.85 million 8.4% airbag yield notes tied to index, ETF

Chicago, Oct. 24 – UBS AG London Branch priced $3.85 million of 8.4% airbag yield notes due June 23, 2025 linked to the least performing of the iShares MSCI EAFE ETF and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If the final level of the lesser performing asset is greater than or equal to the downside threshold, 80% of its initial level, the payout will be par.

Otherwise, investors will lose 1.25% for every 1% decline of the lesser performing asset beyond 20%.

UBS Securities LLC and UBS Investment Bank are the underwriters.

Issuer:	UBS AG London Branch
Issue:	Airbag yield notes
Underlying assets:	iShares MSCI EAFE ETF and the S&P 500 index
Amount:	$3,850,000
Maturity:	June 23, 2025
Coupon:	8.4%, payable monthly
Price:	Par
Payout at maturity:	If the final level of the lesser performing asset is greater than or equal to the downside threshold, par; otherwise, investors will lose 1.25% for every 1% decline of the lesser performing asset beyond 20%
Initial levels:	$68.97 for ETF, 4,373.20 for index
Buffer levels:	$55.18 for ETF, 3,498.56 for index; 80% of initial levels
Strike date:	Oct. 17
Pricing date:	Oct. 18
Settlement date:	Oct. 23
Underwriters:	UBS Securities LLC and UBS Investment Bank
Fees:	None
Cusip:	90279WLZ5

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