New Issue: UBS prices $1.52 million buffered PLUS linked to S&P 500

By Angela McDaniels

Tacoma, Wash., March 13 – UBS AG, London Branch priced $1.52 million of 0% buffered PLUS due Dec. 11, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 19.7%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Buffered PLUS
Underlying index:	S&P 500 index
Amount:	$1,518,000
Maturity:	Dec. 11, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to maximum return of 19.7%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	4,378.41
Buffer level:	90% of initial level
Strike date:	June 27, 2023
Pricing date:	June 28, 2023
Settlement date:	June 30, 2023
Agent:	UBS Securities LLC
Fees:	0%
Cusip:	90279GWA3

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