New Issue: UBS prices $5.74 million trigger autocallable notes on S&P, Stoxx

By Wendy Van Sickle

Columbus, Ohio, Jan. 5 – UBS AG, London Branch priced $5.74 million of 0% trigger autocallable notes due Dec. 30, 2022 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 10% a year if each index closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par unless either index finishes below the downside threshold, 65% of the initial level, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying indexes:	S&P 500 and Euro Stoxx 50
Amount:	$5,742,000
Maturity:	Dec. 30, 2022
Coupon:	0%
Price:	Par of $10
Call:	At par plus 10% annualized premium if each index closes at or above initial level on any quarterly observation date after six months
Payout at maturity:	Par plus unless either index finishes below downside threshold, in which case 1% loss for each 1% decline of the worst performing index from initial level
Initial levels:	2,682.62 for S&P, 3,550.17 for Stoxx
Downside thresholds:	1,743.7 for S&P, 2,307.61 for Stoxx, 65% of initial levels
Pricing date:	Dec. 27
Settlement date:	Dec. 29
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	3%
Cusip:	90270KPL7

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