New Issue: UBS prices $24.89 million capped buffer Gears linked to basket of indexes

By William Gullotti

Buffalo, N.Y., Feb. 7 – UBS AG London Branch priced $24.89 million of 0% capped buffer Gears due March 3, 2025 linked to an equally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index.

If the basket finishes at or above its initial level, the payout at maturity will be par plus 300% of the basket gain, up to a maximum return of par plus 14.16%.

If the basket falls by no more than 10%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the basket beyond 10%.

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

Issuer:	UBS AG London Branch
Issue:	Capped buffer Gears
Underlying basket:	Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index; equal weights
Amount:	$24,889,000
Maturity:	March 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If basket finishes at or above its initial level, par plus 300% of the return, capped at par plus 14.16%; if basket falls by up to 10%, par; otherwise, 1% loss for each 1% decline of basket beyond 10%
Initial levels:	38,001.81 for Dow, 17,330.38 for Nasdaq, 1,983.381 for Russell
Buffer level:	90% of initial basket level
Strike date:	Jan. 22
Pricing date:	Jan. 23
Settlement date:	Jan. 26
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.22%
Cusip:	90279WN67

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