New Issue: UBS prices $4.98 million five-year trigger gears linked to index basket

By Wendy Van Sickle

Columbus, Ohio, Dec. 3 – UBS AG, London Branch priced $4.98 million of 0% trigger gears due Nov. 30, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a weight of 40%, the FTSE 100 index with a weight of 20%, the Nikkei Stock Average index with a weight of 20%, the Swiss Market index with a weight of 7.5%, the S&P/ASX 200 index with a weight of 7.5% and the Hang Seng index with a weight of 5%.

The payout at maturity will be par of $10 plus 2.465 times any basket gain.

If the basket falls by up to the 50% downside threshold, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger gears
Underlying basket:	Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng (5%)
Amount:	$4,978,350
Maturity:	Nov. 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If basket gains, par plus 2.465 times return; if basket falls by up to 50%, par; otherwise, 1% loss per 1% decline
Initial levels:	3,168.29 for Stoxx, 7,004.52 for FTSE, 22,117.02 for Nikkei, 8,894.58 for Swiss Market and 5,275.078 for S&P/ASX and 26,682.56 for Hang Seng
Trigger levels:	50% of initial levels
Pricing date:	Nov. 28
Settlement date:	Nov. 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90281B445

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