New Issue: UBS prices $499,970 12.06% trigger yield optimization notes linked to gold ETF

By Kiku Steinfeld

Chicago, Oct. 9 – UBS AG, London Branch priced $499,970.24 of 12.06% annualized trigger yield optimization notes due June 30, 2023 linked to the shares of VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $31.52, which is equal to the initial share price.

Interest of 3.05% is payable on June 30, 2023, equal to 12.06% annualized.

The payout at maturity will be par unless the final price is less than 81.46% of the initial share price, in which case investors will be exposed to the loss of the ETF.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying ETF:	VanEck Gold Miners ETF
Amount:	$499,970.24
Maturity:	June 30, 2023
Coupon:	3.05% payable on June 30, 2023, or 12.06% per year
Price:	Par of $31.52
Payout at maturity:	Par unless final share price is less than trigger price, in which case investors will be exposed to the loss of the ETF
Initial share price:	$31.52
Trigger price:	$25.68, 81.46% of initial price
Pricing date:	March 27, 2023
Settlement date:	March 29, 2023
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.7%
Cusip:	90286J310

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