New Issue: UBS prices $800,000 buffer gears linked to Amazon, Qualcomm, Visa

By Kiku Steinfeld

Chicago, Feb. 19 – UBS AG, London Branch priced $800,000 of 0% buffer gears due June 26, 2026 linked to the least performing of Amazon.com, Inc., Qualcomm Inc. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 3 times any gain in the least performing stock.

Investors will receive par if the worst performer falls by up to 20% and will lose 1% for every 1% decline of the worst performer beyond 20%.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Buffer gears
Underlying stocks:	Amazon.com, Inc., Qualcomm Inc. and Visa Inc.
Amount:	$800,000
Maturity:	June 26, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any gain in the least performing stock; par if worst performer falls by up to 20%; otherwise, 1% loss for every 1% decline of worst performer beyond 20%
Initial levels:	$129.33 for Amazon, $113.43 for Qualcomm, $229.55 for Visa
Downside thresholds:	$103.46 for Amazon, $90.74 for Qualcomm, $183.64 for Visa; 80% of initial levels
Pricing date:	June 23, 2023
Settlement date:	June 28, 2023
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	0.1%
Cusip:	90279GQT9

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