New Issue: UBS prices $180,000 trigger return optimization securities on S&P ETF

Chicago, Aug. 16 – UBS AG, London Branch priced $180,000 of trigger return optimization securities due Jan. 24, 2024 linked to the shares of SPDR S&P 500 ETF Trust, 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 2.75 times any gain in the shares capped at 17.16%.

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:	SPDR S&P 500 ETF Trust
Amount:	$180,000
Maturity:	Jan. 24, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2.75 times any gain in shares, capped at 17.16%; par if ETF declines but finishes above the trigger level; otherwise, exposure to any losses
Initial share price:	$392.27
Trigger level:	$294.20, 75% of initial price
Pricing date:	July 19, 2022
Settlement date:	July 21, 2022
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.75%
Cusip:	90303R485

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