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Published on 6/29/2023 in the Prospect News Structured Products Daily.

New Issue: UBS prices $1 million trigger yield notes linked to Amgen, Russell index

Chicago, June 29 – UBS AG, London Branch priced $1 million of 8.8% trigger yield notes due June 5, 2025 linked to the least performing of the common stock of Amgen Inc. and the Russell 2000 index, 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 level of any underlier is less than 60% of the initial level, in which case investors will be fully exposed the decline of the worst performer from its initial level.

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

Issuer:UBS AG, London Branch
Issue:Trigger yield notes
Underlying assets:Amgen Inc. and Russell 2000 index
Amount:$1,002,000
Maturity:June 5, 2025
Coupon:8.8% annual rate, payable monthly
Price:Par
Payout at maturity:Par unless any underlier finishes below trigger level, in which case investors will be fully exposed to the decline of the worst performer from its initial level
Initial levels:$220.65 for Amgen, 1,749.65 for Russell
Trigger levels:$132.39 for Amgen, 1,049.79 for Russell; 60% of initial level
Strike date:May 31
Pricing date:June 1
Settlement date:June 6
Underwriters:UBS Financial Services Inc. and UBS Investment Bank
Fees:0.4%
Cusip:90279GML0

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