New Issue: UBS prices $1 million trigger yield notes linked to Bank of America, Financial Select Sector fund

By Angela McDaniels

Tacoma, Wash., March 7 – UBS AG, London Branch priced $1 million of 9.15% trigger yield notes due July 3, 2025 linked to the lesser performing of the Bank of America Corp. and the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the lesser performing asset finishes below its downside threshold, 60% of its initial level, in which case investors will be exposed to the decline of the lesser performing asset from its initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger yield notes
Underlying assets:	Bank of America Corp. and Financial Select Sector SPDR fund
Amount:	$1,001,000
Maturity:	July 3, 2025
Coupon:	9.15%, payable monthly
Price:	Par
Payout at maturity:	Par unless lesser performing asset finishes below downside threshold, in which case exposure to decline of lesser performing asset from initial level
Initial levels:	$28.07 for BofA and $32.85 for ETF
Downside thresholds:	$16.84 for BofA and $19.71 for ETF, or 60% of initial levels
Pricing date:	June 28, 2023
Settlement date:	July 5, 2023
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	0.4%
Cusip:	90279GWQ8

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