New Issue: UBS prices $6.22 million 7.9% trigger callable yield notes on Nasdaq, Russell

By William Gullotti

Buffalo, N.Y., Feb. 12 – UBS AG, London Branch priced $6.22 million of 7.9% trigger callable yield notes due Dec. 31, 2024 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any monthly call date after three months.

The payout at maturity will be par unless any index finishes below its 60% downside threshold level, in which case investors will lose 1% for each 1% decline of the worst performer from its initial level.

UBS Financial Services Inc. is the agent.

Issuer:	UBS AG, London Branch
Issue:	Trigger callable yield notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index
Amount:	$6,220,400
Maturity:	Dec. 31, 2024
Coupon:	7.9% per year, payable monthly
Price:	Par of $10
Payout at maturity:	Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline worst performer from initial level
Call option:	At par on any monthly evaluation date after three months
Initial levels:	14,580.16 for Nasdaq, 1,778.903 for Russell
Downside thresholds:	8,748.1 for Nasdaq, 1,067.342 for Russell; 60% of initial levels
Pricing date:	Sept. 27, 2023
Settlement date:	Sept. 29, 2023
Agent:	UBS Financial Services Inc.
Fees:	1%
Cusip:	90289Y751

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