New Issue: UBS sells $96,000 trigger autocallable contingent yield notes on three stocks

Chicago, Oct. 25 – UBS AG, London Branch priced $96,000 of trigger autocallable contingent yield notes due Feb. 27, 2025 linked to the least performing of the common stocks of Intel Corp., Starbucks Corp. and Toll Brothers, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 12% per year if the least-performing stock closes at or above its coupon barrier, 60% of its initial share price, on the related observation date.

The notes will be automatically called at par if the least-performing stock closes at or above its initial share price on any quarterly call observation date after six months.

If the notes are not called and the final share price of the least-performing stock is greater than or equal to that stock’s downside threshold level, 60% of its initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing stock’s final share price 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:	Intel Corp., Starbucks Corp. and Toll Brothers, Inc.
Amount:	$96,000
Maturity:	Feb. 27, 2025
Contingent coupon:	12% annual rate, payable quarterly if least-performing stock closes at or above coupon barrier level on related observation date
Price:	Par
Payout at maturity:	Par unless least-performing stock finishes below downside threshold level, in which case 1% loss for each 1% that least-performing stock declines from initial price
Call:	Automatically at par if least-performing stock closes at or above initial share price on any quarterly observation date after six months
Initial prices:	$44.65 for Intel, $89.65 for Starbucks, $48.93 for Toll Brothers
Coupon barriers:	$26.79 for Intel, $53.79 for Starbucks, $29.36 for Toll Brothers; 60% of initial prices
Downside thresholds:	$26.79 for Intel, $53.79 for Starbucks, $29.36 for Toll Brothers; 60% of initial prices
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	3%
Cusip:	90279DXA9

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