New Issue: UBS prices $795,000 buffered return optimization securities linked to Alaska Air

New York, July 27 – UBS AG, London Branch priced $795,000 of buffered return optimization securities due July 31, 2023 linked to Alaska Air Group, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

If Alaska Air stock closes at or above its initial price, the payout at maturity will be par plus five times any gain, capped at par plus 27.46%.

If Alaska Air stock declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.

The agent is UBS Financial Services Inc. and UBS Investment Bank.

Issuer:	UBS AG, London Branch
Issue:	Buffered return optimization securities
Underlying stock:	Alaska Air Group, Inc. (NYSE: ALK)
Amount:	$795,000
Maturity:	July 31, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus five times return of Alaska Air stock, capped at 27.46%; par if stock declines by up to 10%; exposure to losses beyond 10%
Initial share price:	$60.56
Pricing date:	July 26
Settlement date:	July 28
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.75%
Cusip:	90300L820

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