New Issue: UBS sells $2.98 million capped leveraged buffered notes on S&P 500

Chicago, March 24 – UBS AG, London Branch priced $2.98 million of 0% capped leveraged buffered notes due Feb. 1, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $1,206.40 per $1,000 of notes.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Capped leveraged buffered notes
Underlying index:	S&P 500
Amount:	$2,976,000
Maturity:	Feb. 1, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at par plus 20.64%; par if index falls by up to 10%; otherwise, 1.1111% loss for every 1% decline beyond 10%
Initial level:	3,714.24
Pricing date:	Jan. 29
Settlement date:	Feb. 5
Agent:	UBS Securities LLC
Fees:	2%
Cusip:	90276BNN9

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