New Issue: UBS prices $2.4 million capped buffer gears linked to S&P 500

Chicago, Jan. 27 – UBS AG, London Branch priced $2.4 million of 0% capped buffer gears due Feb. 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 plus double any index gain, capped at par plus 27%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

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

Issuer:	UBS AG, London Branch
Issue:	Capped buffer gears
Underlying index:	S&P 500 index
Amount:	$2,397,000
Maturity:	Feb. 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus two times any index gain, capped at par plus 27%; par if index falls by up to 10%; otherwise, 1% loss for every 1% decline beyond buffer
Initial level:	4,016.22
Downside threshold:	3,614.60; 90% of initial level
Pricing date:	Jan. 25
Settlement date:	Jan. 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.25%
Cusip:	90279FR86

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