New Issue: UBS prices $300,000 trigger return optimization securities on Tesla

New York, Sept. 18 – UBS AG, London Branch priced $300,000 of trigger return optimization securities due Sept. 19, 2024 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If Tesla stock closes at or above the initial price, the payout at maturity will be par plus three times any gain in common stock of Tesla capped at 34.71%.

Investors will receive par if the stock declines but finishes above the 65% trigger level and will share in any losses if it closes below the trigger level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger return optimization securities
Underlying stock:	Tesla, Inc. (Nasdaq: TSLA)
Amount:	$300,000
Maturity:	Sept. 19, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times any gain in common stock of Tesla, capped at 34.71%; par if stock declines but finishes above the trigger level; otherwise, exposure to any losses
Initial share price:	$274.39
Trigger level:	$178.35, 65% of initial price
Pricing date:	Sept. 15
Settlement date:	Sept. 19
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.3%
Cusip:	90302C166

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