New Issue: UBS prices $100,000 performance securities linked to Utilities fund

By Kiku Steinfeld

Chicago, Dec. 27 – UBS AG, London Branch priced $100,000 of 0% performance securities due Dec. 18, 2023 linked to the Utilities Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is positive, the payout at maturity will be par of $10 plus 187.411788% of the return.

Investors will be fully exposed to any decline in the share price.

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

Issuer:	UBS AG, London Branch
Issue:	Performance securities
Underlying fund:	Utilities Select Sector SPDR fund
Amount:	$100,000
Maturity:	Dec. 18, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If stock return is positive, par plus 187.411788% of return; full exposure to losses
Initial price:	$63.37
Pricing date:	Dec. 13
Settlement date:	Dec. 17
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3%
Cusip:	90288P199

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