New Issue: UBS prices $100,000 trigger return optimization securities linked to Petroleo Brasileiro

New York, May 10 – UBS AG, London Branch priced $100,000 of trigger return optimization securities due Sept. 29, 2022 linked to the American depositary receipts of Petroleo Brasileiro SA, according to a 424B2 filing with the Securities and Exchange Commission.

If Petroleo Brasileiro stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in American depositary receipts of Petroleo Brasileiro capped at 44.43%.

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:	Petroleo Brasileiro SA (NYSE: PBR)
Amount:	$100,000
Maturity:	Sept. 29, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus five times any gain in American depositary receipts of Petroleo Brasileiro, capped at 44.43%; otherwise, exposure to any losses
Initial share price:	$8.11
Pricing date:	March 25
Settlement date:	March 29
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90285R149

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