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Published on 8/5/2023 in the Prospect News Structured Products Daily.

New Issue: UBS prices $3.64 million capped trigger gears tied to stocks

By Kiku Steinfeld

Chicago, Aug. 7 – UBS AG, London Branch priced $3.64 million of 0% capped trigger gears due Feb. 27, 2025 linked to the stock performance of Amazon.com, Inc. and Alphabet Inc. according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any gain of the least performing stock, capped at par plus 52.52%.

If the least performing stock falls by up to 35%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the least performing stock declines from the initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:UBS AG, London Branch
Issue:Capped trigger gears
Underlying stocks:Amazon.com, Inc. and Alphabet Inc.
Amount:$3.64 million
Maturity:Feb. 27, 2025
Coupon:0%
Price:Par
Payout at maturity:If least performing stock gains, par plus 300% of return of the least performing stock, capped at par plus 52.52%; if the least performing stock falls by up to 35%, par; otherwise, 1% loss for every 1% that the least performing stock declines from initial level
Initial levels:$95.82 for Amazon, $90.89 for Alphabet
Downside thresholds:$62.28 for Amazon, $59.08 for Alphabet; 65% of initial levels
Pricing date:Feb. 23, 2023
Settlement date:Feb. 28, 2023
Agents:UBS Securities LLC and UBS Investment Bank
Fees:2.5%
Cusip:90279FX22

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