New Issue: UBS sells $2.15 million trigger gears linked to iShares MSCI EM ETF

By Tali Rackner

Minneapolis, Feb. 8 – UBS AG, London Branch priced $2.15 million of 0% trigger gears due Jan. 31, 2023 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is greater than zero, the payout at maturity will be par of $10 plus 1.155 times the fund return.

Investors will receive par if the fund declines by 25% or less and will lose 1% for each 1% decline from its initial level if the fund declines by more than 25%.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger gears
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$2,151,000
Maturity:	Jan. 31, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If ETF return is greater than zero, par plus 1.155 times ETF gain; par if ETF falls by up to 25%; full exposure to any losses if ETF finishes below its downside threshold
Initial value:	$52.08
Downside threshold:	$39.06, 75% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90280Y248

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