New Issue: UBS sells $2.78 million capped gears linked to stock basket

By Wendy Van Sickle

Columbus, Ohio, Jan. 25 – UBS AG, London Branch priced $2.78 million of 0% capped gears due Feb. 24, 2023 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The stocks are salesforce.com, inc., Netflix, Inc., Nvidia Corp., Shopify Inc. and Constellation Brands, Inc.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus triple the basket return, subject to a maximum payout of par plus 33.15%. If the basket return is negative, investors will be exposed to the basket’s decline.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Capped gears
Underlying basket:	salesforce.com, inc., Netflix, Inc., Nvidia Corp., Shopify Inc. and Constellation Brands, Inc., equally weighted
Amount:	$2,775,000
Maturity:	Feb. 24, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 3 times any basket gain, capped at par plus 33.15%; full exposure to any basket decline
Initial levels:	$222.94 for salesforce, $508.25 for Netflix, $241.50 for Nvidia, $1,023.95 for Shopify and $243.40 for Constellation
Pricing date:	Jan. 20
Settlement date:	Jan. 25
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	0%
Cusip:	90279DVS2

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