New Issue: UBS prices $3.01 million trigger autocallables linked to Russell, S&P

By Angela McDaniels

Tacoma, Wash., Dec. 22 – UBS AG, London Branch priced $3.01 million of 0% trigger autocallable notes due April 5, 2027 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 14% per year if each index closes at or above its initial level on any annual observation date.

If the notes are not called and each index finishes at or above its downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

UBS Securities LLC and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$3,011,000
Maturity:	April 5, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If notes are not called and each index finishes at or above downside threshold level, par; otherwise, 1% loss for every 1% that lesser-performing index declines from initial level
Call:	Automatically at par plus 14% per year if each index closes at or above initial level on any annual observation date
Initial levels:	1,802.484 for Russell and 4,109.31 for S&P
Downside thresholds:	1,261.739 for Russell and 2,876.52 for S&P, or 70% of initial levels
Pricing date:	March 31, 2023
Settlement date:	April 5, 2023
Underwriters:	UBS Securities LLC and UBS Investment Bank
Fees:	0%
Cusip:	90279GAZ2

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