New Issue: UBS sells $200,000 airbag yield optimization notes on Altice USA

By Kiku Steinfeld

Chicago, June 5 – UBS AG, London Branch priced $200,000 of 17% annualized airbag yield optimization notes due May 1, 2023 linked to the common stock of Altice USA, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be an amount in cash equal to (a) the final share price times (b) $1,000 divided by the conversion price. The conversion price is 65% of the initial share price.

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

Issuer:	UBS AG, London Branch
Issue:	Airbag yield optimization notes
Underlying stock:	Altice USA, Inc.
Amount:	$200,000
Maturity:	May 1, 2023
Coupon:	17% annualized, payable monthly
Price:	Par
Payout at maturity:	If final share price is less than conversion price, amount in cash equal to (a) the final share price times (b) $1,000 divided by the conversion price; otherwise, par
Initial share price:	$4.75
Conversion price:	$3.09, 65% of initial price
Pricing date:	Jan. 26, 2023
Settlement date:	Jan. 30, 2023
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.35%
Cusip:	90286F672

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