New Issue: UBS prices $375,000 bearish barrier early redeemable notes linked to S&P

Chicago, Oct. 25 – UBS AG London Branch priced $375,000 of 0% bearish barrier early redeemable market-linked notes with daily barrier observation due Sept. 4, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes below the barrier, 75% of the initial index level, on any day during the life of the notes, the notes will be automatically redeemed at par plus 1%.

If the notes are not automatically redeemed and the index return is greater than or equal to zero, the payout at maturity will be par plus 1%.

If the index return is less than zero, the payout will be par plus the absolute value of the index return.

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

Issuer:	UBS AG London Branch
Issue:	Bearish barrier early redeemable market-linked notes with daily barrier observation
Underlying index:	S&P 500
Amount:	$375,000
Maturity:	Sept. 4, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the notes are not automatically redeemed and the index return is greater than or equal to zero, par plus 1%; if the index return is less than zero, par plus the absolute value of the index return
Call:	Automatically at par plus 1% if index closes below barrier, 75% of initial index level, on any day during life of notes
Initial level:	4,288.70
Barrier:	3,216.53, 75% of initial level
Pricing date:	Feb. 24
Settlement date:	Feb. 28
Agents:	UBS Investment Bank and UBS Financial Services Inc.
Fees:	1.5%
Cusip:	90279DE77

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