New Issue: UBS prices $220,000 buffered return optimization securities on SPDR S&P 500

New York, Dec. 9 – UBS AG, London Branch priced $220,000 of buffered return optimization securities due Nov. 1, 2023 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF closes at or above its initial price, the payout at maturity will be par plus five times any gain, capped at par plus 10%.

If the ETF declines by up to 15%, the payout will be par. Investors will be exposed to any losses beyond 15%.

The agent is UBS Financial Services Inc. and UBS Investment Bank.

Issuer:	UBS AG, London Branch
Issue:	Buffered return optimization securities
Underlying ETF:	SPDR S&P 500 ETF Trust
Amount:	$220,000
Maturity:	Nov. 1, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus five times return of ETF, capped at 10%; par if ETF declines by up to 15%; exposure to losses beyond 15%
Initial share price:	$379.98
Pricing date:	Oct. 27
Settlement date:	Oct. 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.8%
Cusip:	90280D335

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