New Issue: UBS prices $150,000 buffered return optimization securities linked to Morgan Stanley

New York, Dec. 29 – UBS AG, London Branch priced $150,000 of buffered return optimization securities due Jan. 2, 2024 linked to Morgan Stanley stock, according to a 424B2 filing with the Securities and Exchange Commission.

If Morgan Stanley stock closes at or above its initial price, the payout at maturity will be par plus two times any gain, capped at par plus 21.83%.

If Morgan Stanley stock 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 stock:	Morgan Stanley (NYSE: MS)
Amount:	$150,000
Maturity:	Jan. 2, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus two times return of Morgan Stanley stock, capped at 21.83%; par if stock declines by up to 15%; exposure to losses beyond 15%
Initial share price:	$100.40
Pricing date:	Dec. 27
Settlement date:	Dec. 29
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90302M883

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