New Issue: UBS prices $571,600 contingent income autocallables on sector funds

By Kiku Steinfeld

Chicago, Feb. 6 – UBS AG, London Branch priced $571,600 of contingent income autocallable securities due Nov. 7, 2024 linked to the Financial Select Sector SPDR fund, the Energy Select Sector SPDR fund and the Industrial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 11% per year, paid quarterly, if each fund closes at or above its coupon barrier level, 50% of its initial level, on the corresponding quarterly review date.

The securities will be called automatically at par if each fund closes at or above its initial level starting Feb. 6, 2023 and on any subsequent quarterly review date.

At maturity the payout will be par unless the least performing fund closes below its 50% downside threshold level, in which case investors will be fully exposed to the decline of the least performing fund.

UBS Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:	UBS AG, London Branch
Issue:	Contingent income autocallable securities
Underlying funds:	Financial Select Sector SPDR fund, Energy Select Sector SPDR fund and Industrial Select Sector SPDR fund
Amount:	$571,600
Maturity:	Nov. 7, 2024
Coupon:	11% per year, paid quarterly, if each fund closes at or above its coupon barrier level on the corresponding quarterly review date
Price:	Par of $10
Payout at maturity:	Par unless the least performing fund closes below its downside threshold level, in which case investors will be fully exposed to the decline in the least performing fund
Call:	Automatically at par if each fund closes at or above its initial level starting Feb. 6, 2023 and on any subsequent quarterly review date
Initial level:	$91.42 for Energy, $33.91 for Financial, $95.07 for Industrial
Coupon barriers:	$45.71 for Energy, $16.96 for Financial, $47.54 for Industrial, 50% of initial levels
Downside threshold:	$45.71 for Energy, $16.96 for Financial, $47.54 for Industrial, 50% of initial levels
Pricing date:	Nov. 4, 2022
Settlement date:	Nov. 9, 2022
Agent:	UBS Securities LLC with Morgan Stanley Wealth Management handling distribution
Fees:	2%
Cusip:	90289V591

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