New Issue: UBS sells $1.66 million capped trigger gears on basket of 20 stocks

By Marisa Wong

Los Angeles, May 20 – UBS AG, London Branch priced $1.66 million of 0% capped trigger gears due May 16, 2024 linked to an equally weighted basket of 20 selected equities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the stocks of AbbVie Inc., Adobe Inc., American Electric Power Co., Inc., Air Products and Chemicals, Inc., Costco Wholesale Corp., Emerson Electric Co., EOG Resources, Inc., Meta Platforms, Inc., Alphabet Inc., Intercontinental Exchange, Inc., Johnson & Johnson, Coca-Cola Co., Lockheed Martin Corp., Lam Research Corp., McDonald’s Corp., Marsh & McLennan Cos., Inc., O’Reilly Automotive, Inc., Prologis, Inc., UnitedHealth Group Inc. and Visa Inc.

If the basket return is positive, the payout at maturity will be par plus 2 times the basket gain, up to a maximum payout of par plus 22.8%.

If the basket finishes flat or declines by no more than 20%, the payout will be par.

If the basket finishes below the 80% downside threshold, investors will lose 1% for every 1% that the basket declines from its initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Capped trigger gears
Underlying stocks:	AbbVie Inc. (Symbol: ABBV), Adobe Inc. (Symbol: ADBE), American Electric Power Co., Inc. (Symbol: AEP), Air Products and Chemicals, Inc. (Symbol: APD), Costco Wholesale Corp. (Symbol: COST), Emerson Electric Co. (Symbol: EMR), EOG Resources, Inc. (Symbol: EOG), Meta Platforms, Inc. (Symbol: FB), Alphabet Inc. (Symbol: GOOGL), Intercontinental Exchange, Inc. (Symbol: ICE), Johnson & Johnson (Symbol: JNJ), Coca-Cola Co. (Symbol: KO), Lockheed Martin Corp. (Symbol: LMT), Lam Research Corp. (Symbol: LRCX), McDonald’s Corp. (Symbol: MCD), Marsh & McLennan Cos., Inc. (Symbol: MMC), O’Reilly Automotive, Inc. (Symbol: ORLY), Prologis, Inc. (Symbol: PLD), UnitedHealth Group Inc. (Symbol: UNH), Visa Inc. (Symbol: V); equally weighted
Amount:	$1,662,000
Maturity:	May 16, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2 times any basket gain, capped at par plus 22.8%; par if basket finishes flat or falls by up to 20%; otherwise, 1% loss for every 1% basket decline from its initial level
Initial basket level:	100
Downside threshold:	80% of initial basket level
Initial share prices:	$153.50 for AbbVie, $405.45 for Adobe, $99.69 for American Electric, $233.71 for Air Products, $497.27 for Costco, $83.68 for Emerson, $124.28 for EOG, $198.62 for Meta, $2,321.01 for Alphabet, $98.27 for Intercontinental, $176.85 for Johnson & Johnson, $65.72 for Coca-Cola, $435.17 for Lockheed, $491.92 for Lam, $245.04 for McDonald’s, $159.95 for Marsh & McLennan, $635.62 for O’Reilly, $128.35 for Prologis, $485.40 for UnitedHealth, $199.23 for Visa
Pricing date:	May 13
Settlement date:	May 18
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	9026MP643

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