New Issue: UBS sells $500,000 trigger autocallable contingent yield notes on three stocks

By Kiku Steinfeld

Chicago, Feb. 2 – UBS AG, London Branch priced $500,000 of trigger autocallable contingent yield notes June 17, 2026 linked to the least performing of the stocks of ASML Holding NV, Arista Networks, Inc. and Marvell Technology, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at the rate of 27.6% per year if each stock closes at or above its coupon barrier, 70% of its initial level, on any related observation date.

The notes will be automatically called at par plus the coupon if the shares of each stock close at or above their initial share prices on any quarterly call observation date after six months.

If the notes are not called and the final share price of each stock is greater than or equal to the downside threshold level, 70% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than its initial share price.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes
Underlying stocks:	ASML Holding NV, Arista Networks, Inc. and Marvell Technology, Inc.
Amount:	$500,000
Maturity:	June 17, 2026
Coupon:	27.6% per year, paid quarterly, if each stock closes at or above its coupon barrier on any related observation date
Price:	Par
Payout at maturity:	Par unless any stock finishes below downside threshold level, in which case 1% loss for each 1% decline of laggard stock from initial level
Call:	Automatically at par if each stock closes at or above initial level on any quarterly call observation date starting after six months
Initial levels:	$730.17 ASML, $170 for Arista, $62.05 for Marvell
Coupon barrier levels:	$511.12 ASML, $119 for Arista, $43.44 for Marvell; 70% of initial levels
Downside threshold levels:	$511.12 ASML, $119 for Arista, $43.44 for Marvell; 70% of initial levels
Pricing date:	June 12, 2023
Settlement date:	June 15, 2023
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	2%
Cusip:	90279GUQ0

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