New Issue: UBS prices $140,000 trigger return optimization securities on Brazil ETF

Chicago, Aug. 16 – UBS AG, London Branch priced $140,000 of trigger return optimization securities due July 25, 2024 linked to the iShares MSCI Brazil ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF closes at or above the initial price, the payout at maturity will be par plus two times any gain in the ETF capped at 94.43%.

Investors will receive par if the ETF declines but finishes above the 75% trigger level and will share in any losses if it closes below the trigger level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger return optimization securities
Underlying ETF:	iShares MSCI Brazil ETF
Amount:	$140,000
Maturity:	July 25, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus two times any gain in shares, capped at 94.43%; par if ETF declines but finishes above the trigger level; otherwise, full exposure to any losses
Initial share price:	$26.02
Trigger level:	$19.52, 75% of initial price
Pricing date:	July 21, 2022
Settlement date:	July 25, 2022
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90303P315

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