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Published on 10/6/2022 in the Prospect News Structured Products Daily.

New Issue: UBS prices $1.43 million capped airbag gears linked to Russell 2000

Chicago, Oct. 6 – UBS AG, London Branch priced $1.43 million of 0% capped airbag gears due Aug. 14, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return of 34.32%.

If the index return is zero or negative and the final index level is greater than the downside threshold, 85% of the initial level, the payout will be par.

If the final index level is less than the downside threshold, investors will lose 1.1765% loss for each 1% that the index declines beyond 15%.

UBS Securities LLC and UBS Investment Bank are the underwriters.

Issuer:UBS AG, London Branch
Issue:Capped airbag gears
Underlying index:Russell 2000 index
Amount:$1,425,000
Maturity:Aug. 14, 2024
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 1.5 times index return, subject to maximum return of 34.32%; if index return is zero or negative and final index level is greater than downside threshold, par; if final index level is less than downside threshold, 1.1765% loss for each 1% that index declines beyond 15%
Initial level:2,083.499
Downside threshold:1,770.974; 85% of initial level
Pricing date:Feb. 9
Settlement date:Feb. 14
Underwriters:UBS Securities LLC and UBS Investment Bank
Fees:None
Cusip:90279DYK6

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