New Issue: UBS prices $8.92 million 4.65% trigger callable yield notes linked to two ETFs

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – UBS AG, London branch priced $8.92 million of 4.65% trigger callable yield notes due Oct. 31, 2023 linked to the Invesco QQQ Trust, Series 1 and the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par of $10 on any monthly coupon payment date after three months.

The payout at maturity will be par unless the lowest performing ETF finishes below its 60% downside threshold level, in which case investors will be fully exposed to that ETF’s decline from its initial level.

UBS Financial Services Inc. is the agent.

Issuer:	UBS AG, London branch
Issue:	Trigger callable yield notes
Underlying funds:	Invesco QQQ Trust, Series 1, Invesco S&P 500 Equal Weight ETF
Amount:	$8,918,260
Maturity:	Oct. 31, 2023
Coupon:	4.65%, payable monthly
Price:	Par of $10
Payout at maturity:	If the lowest performing ETF finishes at or above downside threshold level, par; otherwise, full exposure to decline of lowest performing ETF from initial level
Call option:	At par on any monthly call date after three months
Initial levels:	$156.45 for Equal Weight, $380.00 for QQQ
Downside threshold levels:	$93.87 for Equal Weight, $228.00 for QQQ; 60% of initial levels
Pricing date:	Oct. 27
Settlement date:	Oct. 29
Agent:	UBS Financial Services Inc.
Fees:	1%
Cusip:	90285B789

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