New Issue: UBS prices $777,000 trigger autocallable contingent yield notes on three indexes

Chicago, Aug. 18 – UBS AG, London Branch priced $777,000 of trigger autocallable contingent yield notes with memory interest due July 25, 2025 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at the rate of 12.5% per year if each index closes at or above its coupon barrier, 80% of its initial level, on the related observation date. Previously unpaid coupons will also be paid.

The notes will be automatically called at par plus coupon if each index closes at or above its initial level on any quarterly call observation date after six months.

If the notes are not called and the final level of each index is greater than or equal to the coupon barrier, the payout at maturity will be par.

If the worst performer finishes below its coupon barrier but at or above its downside threshold level, 70% of the initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performer declines from its initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes with memory interest
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:	$777,000
Maturity:	July 25, 2025
Coupon:	12.5% per year, paid monthly, if each index closes at or above its coupon barrier on any related observation date; previously unpaid coupons will also be paid
Price:	Par
Payout at maturity:	If each index finishes at or above coupon barrier, par plus final coupon; if worst performer finishes below coupon barrier but at or above downside threshold, par; otherwise, 1% loss for each 1% decline of laggard index from initial level
Call:	Automatically at par plus coupon if each index closes at or above initial level on any quarterly call observation date after six months
Initial levels:	12,396.47 for Nasdaq, 1,806.881 for Russell, 3,961.63 for S&P
Coupon barrier levels:	9,917.18 for Nasdaq, 1,445.505 for Russell, 3,169.30 for S&P; 80% of initial levels
Downside thresholds:	8,677.53 for Nasdaq, 1,264.817 for Russell, 2,773.14 for S&P; 70% of initial levels
Pricing date:	July 22, 2022
Settlement date:	July 27, 2022
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	0.6%
Cusip:	90279FMZ1

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