New Issue: UBS prices $690,000 trigger return optimization securities linked to Gold Miners

By Kiku Steinfeld

Chicago, Sept. 10 – UBS AG, London Branch priced $690,000 of trigger return optimization securities due Sept. 6, 2023 linked to the shares of Vaneck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus five times any gain in the ETF, capped at 66.1%.

If the ETF falls by up to 30%, the payout will be par of $10.

Otherwise, investors will be fully exposed to the decline of the ETF.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger return optimization securities
Underlying ETF:	Vaneck Vectors Gold Miners ETF
Amount:	$690,000
Maturity:	Sept. 6, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus five times any gain in ETF, capped at 66.1%; if ETF falls by up to 40%, par; otherwise, investors will be fully exposed to the decline of the ETF
Initial share price:	$41.67
Trigger level:	$29.17, 70% of initial level
Pricing date:	Sept. 1
Settlement date:	Sept. 4
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.5%
Cusip:	90281M359

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