New Issue: UBS prices $100,000 trigger return optimization securities on Alphabet

Chicago, Oct. 25 – UBS AG, London Branch priced $100,000 of trigger return optimization securities due March 1, 2023 linked to the common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If Alphabet stock closes at or above the initial price, the payout at maturity will be par plus two times any gain in common stock of Alphabet capped at 13.68%.

Investors will receive par if the stock declines but finishes above the 80% trigger level and will share in any losses if it closes below the trigger level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger return optimization securities
Underlying stock:	Alphabet Inc. (Nasdaq: GOOG)
Amount:	$100,000
Maturity:	March 1, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus two times any gain in common stock of Alphabet, capped at 13.68%; par if stock declines but finishes above the trigger level; otherwise, exposure to any losses
Initial share price:	$2653.47
Trigger level:	$2,122.78, 80% of initial price
Pricing date:	Feb. 24
Settlement date:	Feb. 28
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90303C413

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