New Issue: UBS prices $636,000 trigger autocallable notes on Nasdaq, Russell, Dow

Chicago, Feb. 7 – UBS AG, London Branch priced $636,000 of 0% trigger autocallable notes due May 24, 2027 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 13% annualized call premium if each index closes at or above its initial level on any annual observation date.

The maturity date premium is 52%.

If the notes are not called, the payout at maturity will be par unless any index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index
Amount:	$636,000
Maturity:	May 24, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 52% if called; par if no index finishes below downside threshold; otherwise, 1% loss for each 1% decline of worst performing index from initial level
Call:	At par plus a 13% annualized call premium if all indexes close at or above initial levels on any annual observation date
Initial levels:	33,426.63 for Dow, 13,803.49 for Nasdaq, 1,773.717 for Russell
Downside thresholds:	23,398.64 for Dow, 9,662.44 for Nasdaq, 1,241.602 for Russell; 70% of initial levels
Pricing date:	May 19, 2023
Settlement date:	May 24, 2023
Agent:	UBS Securities LLC and UBS Investment Bank
Fees:	2%
Cusip:	90279GHG7

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