New Issue: UBS prices $500,000 trigger autocallable contingent yield notes on four stocks

Chicago, Dec. 10 – UBS AG, London Branch priced $500,000 of trigger autocallable contingent yield notes due April 4, 2024 linked to the least performing of the common stocks of General Motors Co., Intel Corp., Lockheed Martin Corp. and Micron Technology, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at the rate of 15.25% per year if each stock closes at or above its coupon barrier, 60% of its initial level, on the corresponding observation date.

The notes will be automatically called at par plus coupon if the shares of each stock closes at or above its initial share price on any quarterly call observation date after six months.

If the notes are not called and the final share price of each stock is greater than or equal to the downside threshold level, 60% of the initial share price, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than 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 stocks:	General Motors Co., Intel Corp., Lockheed Martin Corp. and Micron Technology, Inc.
Amount:	$500,000
Maturity:	April 4, 2024
Coupon:	15.25% per year, paid monthly, if each stock closes at or above its coupon barrier on the related observation date
Price:	Par
Payout at maturity:	Par plus final coupon unless any stock finishes below downside threshold level, in which case 1% loss for each 1% decline of laggard stock from initial level
Call:	Automatically at par plus coupon if each stock closes at or above initial level on any quarterly call observation date after six months
Initial levels:	$58.51 for GM, $63.77 for Intel, $370.54 for Lockheed, $86.54 for Micron
Coupon barrier levels:	$35.11 for GM, $38.26 for Intel, $222.32 for Lockheed, $51.92 for Micron; 60% of initial levels
Downside thresholds:	$35.11 for GM, $38.26 for Intel, $222.32 for Lockheed, $51.92 for Micron; 60% of initial levels
Pricing date:	March 30
Settlement date:	April 5
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	3.5%
Cusip:	90276BWA7

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