New Issue: UBS prices $556,000 capped buffer gears linked to S&P 500

By Kiku Steinfeld

Chicago, March 4 – UBS AG, London Branch priced $556,000 of 0% capped buffer gears due July 3, 2025 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 of $10 plus 2 times any index gain, up to a maximum return of 22.75%. Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline of the index beyond 20%.

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

Issuer:	UBS AG, London Branch
Issue:	Capped buffer gears
Underlying index:	S&P 500
Amount:	$556,000
Maturity:	July 3, 2025
Coupon:	0%
Par	Par of $10
Payout at maturity:	Par plus 2 times any index gain, up to 22.75% maximum return; par if index falls by up to 20%; 1% loss for every 1% decline of index beyond 20%
Initial index level:	4,376.86
Buffer level:	3,501.49; 80% of initial level
Pricing date:	June 28, 2023
Settlement date:	July 3, 2023
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.25%
Cusip:	90279GSJ9

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