New Issue: UBS sells $725,000 buffer autocallable contingent yield notes S&P

Chicago, April 24 – UBS AG, London Branch priced $725,000 of buffer autocallable contingent yield notes due May 28, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 6.3% if each index closes at or above its 85% coupon barrier on the review date for that month.

The notes will be called at par if each index closes at or above its initial level on any monthly review date after one year.

The payout at maturity will be par unless either index finishes below its 85% buffer level, in which case investors will be exposed to any losses of the worse performing index beyond 15%.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Buffer autocallable contingent yield notes
Underlying index:	S&P 500 index
Amount:	$725,000
Maturity:	May 28, 2027
Coupon:	6.3% annual rate, payable monthly if each index closes at or above coupon barrier on observation date
Price:	Par
Call:	Notes will be called at par if each index closes at or above its initial level on any monthly review date after one year
Payout at maturity:	Par unless each index closes below buffer level, in which case 1% loss for each 1% decline of lesser performing index beyond buffer
Initial level:	3,978.73
Coupon barrier:	3,381.92; 85% of initial level
Buffer level:	3,381.92; 85% of initial level
Pricing date:	May 25, 2022
Settlement date:	May 31, 2022
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	3.85%
Cusip:	90279FBK6

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