New Issue: UBS prices $400,000 trigger yield notes on equally-weighted stock basket

Chicago, Nov. 27 – UBS AG, London Branch priced $400,000 of trigger yield notes due Oct. 26, 2023 linked to an equally weighted basket of four equity securities, according to a 424B2 filing with the Securities and Exchange Commission.

The securities are Bank of America Corp., Citigroup Inc., Goldman Sachs Group, Inc. and Morgan Stanley.

The securities will pay a 10% monthly coupon.

Investors will receive par if the basket falls by up to 30%. If the basket declines more than 30%, investors will be fully exposed to the losses of the basket.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger yield notes
Underlying stocks:	Bank of America Corp., Citigroup Inc., Goldman Sachs Group, Inc. and Morgan Stanley; equal weights
Amount:	$400,000
Maturity:	Oct. 26, 2023
Coupon:	10% annual rate, payable monthly
Price:	Par
Payout at maturity:	Par if basket falls by up to 30%; otherwise, full exposure to losses of basket
Initial prices:	$34.95 for BofA, $44.26 for Citigroup, $325.10 for Goldman, $79.22 for Morgan Stanley
Barrier level:	70% of initial level
Pricing date:	Oct. 21, 2022
Settlement date:	Oct. 26, 2022
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	1.5%
Cusip:	90279FA92

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