New Issue: UBS prices $100,000 buffered return optimization notes on Schlumberger NV

By Kiku Steinfeld

Chicago, April 3 – UBS AG, London Branch priced $100,000 of buffered return optimization securities due July 16, 2025 linked to Schlumberger NV (Schlumberger Ltd.) stock, according to a 424B2 filing with the Securities and Exchange Commission.

If Schlumberger NV stock closes at or above its initial price, the payout at maturity will be par plus two times any gain, capped at par plus 47.61%.

If Schlumberger NV stock declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.

The agent is UBS Financial Services Inc. and UBS Investment Bank.

Issuer:	UBS AG, London Branch
Issue:	Buffered return optimization securities
Underlying stock:	Schlumberger NV (Schlumberger Ltd.) (NYSE: SLB)
Amount:	$100,000
Maturity:	July 16, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus two times return of Schlumberger NV stock, capped at 47.61%; par if stock declines by up to 10%; exposure to losses beyond 10%
Initial share price:	$56.05
Pricing date:	July 7, 2023
Settlement date:	July 12, 2023
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90301U100

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