New Issue: UBS prices $99,936 9.35% trigger yield optimization notes on Target

Chicago, Aug. 21 – UBS AG, London Branch priced $99,936 of 9.35% trigger yield optimization notes due Aug. 9 linked to the common stock of Target Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $166.56, which is equal to the initial share price of Target stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Target stock is less than 75% of the initial share price, in which case investors will receive one Target share per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Target Corp. (NYSE: TGT)
Amount:	$99,936
Maturity:	Aug. 9
Coupon:	9.35%, payable monthly
Price:	Par of $166.56
Payout at maturity:	If final share price is less than trigger price, one Target share; otherwise, par
Initial share price:	$166.56
Trigger price:	$124.92, 75% of initial price
Pricing date:	Aug. 4, 2022
Settlement date:	Aug. 8, 2022
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90303Q453

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