New Issue: UBS prices $400,000 trigger return optimization securities on Starbucks

By Kiku Steinfeld

Chicago, Sept. 6 – UBS AG, London Branch priced $400,000 of trigger return optimization securities due July 28, 2023 linked to the common stock of Starbucks Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above the initial price, the payout at maturity will be par plus five times any gain, subject to a maximum payout of par plus 20.08%.

Investors will receive par if the stock declines but finishes at or above the 72% trigger level and will share in any losses if it closes below the trigger level.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Trigger return optimization securities
Underlying stock:	Starbucks Corp.
Amount:	$400,000
Maturity:	July 28, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus five times any gain in stock, capped at 20.08%; par if stock declines but finishes at or above the trigger level; otherwise, full exposure to decline in share price from initial share price
Initial share price:	$97.01
Trigger level:	$69.85, 72% of initial price
Pricing date:	Jan. 25, 2022
Settlement date:	Jan. 27, 2022
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90302V123

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