New Issue: UBS prices $695,000 trigger autocallable contingent yield notes on sector funds

By Kiku Steinfeld

Chicago, Dec. 5 – UBS AG, London Branch priced $695,000 of trigger autocallable contingent yield notes due April 4, 2024 linked to the least performing of the Communication Services Select Sector SPDR Fund, the Financial Select Sector SPDR Fund and the Consumer Discretionary Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at the rate of 11.3% per year if the worst performer closes at or above its 72.5% coupon barrier on the related observation date.

The notes will be automatically called at par plus coupon if the worst performer closes at or above its level on any quarterly observation date after six months.

If the notes are not called, the payout at maturity will be par plus the final coupon if the worst performer finishes at or above the 72.5% downside threshold. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes
Underlying ETFs:	Communication Services Select Sector SPDR Fund, Financial Select Sector SPDR Fund and Consumer Discretionary Select Sector SPDR Fund
Amount:	$695,000
Maturity:	April 4, 2024
Coupon:	11.3% per year, paid quarterly, if each ETF closes at or above its coupon barrier on any related observation date
Price:	Par
Payout at maturity:	Par plus final coupon if final level of the worst performer is greater than or equal to downside threshold; otherwise, full exposure to losses of worst performer
Call:	Automatically at par plus coupon if the worst performer closes at or above its initial level on any quarterly observation date after six months
Initial levels:	$68.78 for Communication, $38.32 for Financial, $185 for Consumer
Coupon barrier levels:	$49.87 for Communication, $27.78 for Financial, $134.13 for Consumer; 72.5% of initial levels
Downside thresholds:	$49.87 for Communication, $27.78 for Financial, $134.13 for Consumer; 72.5% of initial levels
Pricing date:	March 31, 2022
Settlement date:	April 5, 2022
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	1.75%
Cusip:	90279D3Q7

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