New Issue: UBS prices $1.01 million capped buffered return enhanced notes linked to S&P 500

By Kiku Steinfeld

Chicago, Nov. 28 – UBS AG, London Branch priced $1.01 million of capped buffered return enhanced notes with downside leverage factor due April 13, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payout of par plus 12.22%.

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

UBS Investment Bank is the agent with J.P. Morgan Securities LLC acting as the placement agent.

Issuer:	UBS AG, London Branch
Issue:	Capped buffered return enhanced notes with downside leverage factor
Underlying index:	S&P 500 index
Amount:	$1.01 million
Maturity:	April 13, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 12.22%; par if index falls by up to 10%; 1.1111% loss for every 1% index decline beyond 10%
Initial index level:	4,543.06
Buffer level:	4,088.75, 90% of initial level
Pricing date:	March 25, 2022
Settlement date:	March 30, 2022
Agents:	UBS Investment Bank with J.P. Morgan Securities LLC as the placement agent
Fees:	1%
Cusip:	90279DU38

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