New Issue: UBS sells $500,000 trigger contingent yield notes on American Airlines

Chicago, Aug. 16 – UBS AG, London Branch priced $500,000 of trigger contingent yield notes due July 26, 2023 linked to the shares of American Airlines Group Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at the rate of 18.6% per year if the stock close at or above the coupon barrier, 50% of the initial share price, on the corresponding observation date.

If the final share price is greater than or equal to the downside threshold level, 50% of the initial share price, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price, payable as 710.2273 shares.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger contingent yield notes
Underlying stock:	American Airlines Group Inc.
Amount:	$500,000
Maturity:	July 26, 2023
Contingent coupon:	18.6% annual rate, payable monthly if stock closes at or above coupon barrier level on related observation date
Price:	Par of $10,000
Payout at maturity:	Par plus the final coupon unless stock finishes below downside threshold level, in which case 1% loss for each 1% decline from initial price, payable as 710.2273 shares
Initial price:	$14.08
Coupon barrier/threshold level:	$7.04; 50% of initial price
Pricing date:	July 21, 2022
Settlement date:	July 26, 2022
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	2%
Cusip:	90279FND9

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