New Issue: UBS prices $850,000 capped buffer enhanced contingent notes on index, ETF

Chicago, Feb. 1 – UBS AG, London Branch priced $850,000 of 0% capped buffer enhanced contingent absolute return securities due July 15, 2025 linked to the worst performing of the S&P 500 index and the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, if both assets finish positive investors will receive par plus the return of the lesser performing asset capped at 10%.

Investors will receive par plus double the absolute return of the worse performer if that asset finishes below its initial level and above the 80% downside threshold.

Otherwise, investors will have a 1% loss for each 1% decline beyond the 20% buffer.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Capped buffer enhanced contingent absolute return securities
Underlying assets:	S&P 500 index, Invesco QQQ Trust, Series 1
Amount:	$850,000
Maturity:	July 15, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus return of lesser performer capped at 10% if both assets finish positive; par plus double absolute vale of worse performer if final level is below initial level but above downside threshold level; otherwise, 1% loss for each 1% decline of worse performer beyond 20% buffer
Call option:	Non-callable
Initial levels:	$408.50 for fund, 4,783.45 for index
Downside threshold levels:	$326.80 for fund, 3,826.76 for index; 80% of initial levels
Buffer:	20%
Pricing date:	Jan. 10
Settlement date:	Jan. 16
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	0.75%
Cusip:	90279WE26

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