New Issue: UBS prices $2.07 million trigger yield notes linked to S&P

By Kiku Steinfeld

Chicago, March 1 – UBS AG, London Branch priced $2.07 million of 2.25% trigger yield notes due Feb. 22, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless the final level of the index is less than 50% of the initial level, in which case investors will be fully exposed to all losses.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield notes
Underlying index:	S&P 500 index
Amount:	$2,070,000
Maturity:	Feb. 22, 2023
Coupon:	2.25%, payable quarterly
Level:	Par
Payout at maturity:	If final level is less than trigger level, full exposure to loss; otherwise, par
Initial level:	3,931.33
Trigger level:	1,965.67, 50% of initial level
Pricing date:	Feb. 17
Settlement date:	Feb. 22
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.5%
Cusip:	90276BRJ4

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