New Issue: UBS prices $5 million capped trigger gears tied to Blackstone

By William Gullotti

Buffalo, N.Y., Dec. 19 – UBS AG, London Branch priced $5 million of 0% capped trigger gears due Dec. 18, 2025 linked to the stock performance of Blackstone Group Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any gain of the stock, capped at par plus 143.52%.

If the stock falls by up to 15%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the stock declines from the initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Capped trigger gears
Underlying stock:	Blackstone Group Inc.
Amount:	$5,001,000
Maturity:	Dec. 18, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If stock gains, par plus 300% of return of the stock, capped at par plus 143.52%; if the stock falls by up to 15%, par; otherwise, 1% loss for every 1% that the stock declines from initial level
Initial level:	$83.44
Downside threshold:	$70.92; 85% of initial level
Pricing date:	Dec. 13
Settlement date:	Dec. 19
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.6%
Cusip:	90279FJ28

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