New Issue: UBS prices $100,000 trigger return optimization securities linked to Walt Disney

Chicago, May 27 – UBS AG, London Branch priced $100,000 of trigger return optimization securities due Nov. 16, 2023 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.

If Walt Disney stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Walt Disney capped at 22.35%.

Investors will receive par if the stock declines but finishes above 85% of its initial level.

Otherwise, investors will share in any losses.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger return optimization securities
Underlying stock:	Walt Disney Co. (NYSE: DIS)
Amount:	$100,000
Maturity:	Nov. 16, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus five times any gain in common stock of Walt Disney, capped at 22.35%; par if stock declines but finishes above trigger level; otherwise, exposure to any losses
Initial share price:	$159.63
Trigger level:	$135.69, 85% of initial level
Pricing date:	Nov. 12, 2021
Settlement date:	Nov. 16, 2021
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90301M637

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