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Published on 9/11/2023 in the Prospect News Structured Products Daily.

New Issue: UBS sells $4.57 million 7.7% trigger callable yield notes on S&P, Russell

Chicago, Sept. 11 – UBS AG, London Branch priced $4.57 million of 7.7% trigger callable yield notes due Dec. 11, 2024 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any monthly coupon payment date after three months.

The payout at maturity will be par of $10 unless either index finishes below its 65% downside threshold level, in which case investors will lose 1% for each 1% decline of the worst performer from its initial level.

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

Issuer:UBS AG, London Branch
Issue:Trigger callable yield notes
Underlying indexes:S&P 500 index, Russell 2000 index
Amount:$4,570,650
Maturity:Dec. 11, 2024
Coupon:7.7% per year, payable monthly
Price:Par of $10
Payout at maturity:Par unless either index finishes below downside threshold, in which case 1% loss for each 1% decline of worst performer from initial level
Call option:At par monthly on any coupon date after three months
Initial levels:4,465.48 for S&P, 1,874.282 for Russell
Downside thresholds:2,902.56 for S&P, 1,218.283 for Russell; 65% of initial levels
Pricing date:Sept. 6
Settlement date:Sept. 11
Underwriter:UBS Investment Bank and UBS Financial Services Inc.
Fees:1%
Cusip:90289Y603

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