New Issue: UBS sells $12.89 million capped trigger gears tied to basket of 27 stocks

By Wendy Van Sickle

Columbus, Ohio, Dec. 2 – UBS AG, London Branch priced $12.89 million of 0% capped trigger gears due Nov. 29, 2022 linked to a basket of 27 equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the stocks of Assurant, Inc., Colfax Corp., Clean Harbors, Inc., Curtiss-Wright Corp., Devon Energy Corp., Encompass Health Corp., EOG Resources, Inc., Diamondback Energy, Inc., TechnipFMC plc, General Motors Co., HCA Healthcare, Inc., HP Inc., McKesson Corp., ONEOK, Inc., Polaris Inc., PVH Corp., Pioneer Natural Resources Co., Regions Financial Corp., Reinsurance Group of America, Inc., Raytheon Technologies Corp., Signature Bank, Skechers U.S.A., Inc., Steel Dynamics, Inc., TCF Financial Corp., Tenet Healthcare Corp., Universal Health Services, Inc. and Cimarex Energy Co.

If the basket return is positive, the payout at maturity will be par plus 2 times the basket return up to a 26.7% maximum return. If the basket return declines but not more than 25%, the payout will be par. If the basket finishes below the downside threshold, investors will lose 1% for every 1% that the basket declines from its initial level.

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

Issuer:	UBS AG, London Branch
Issue:	Capped trigger gears
Underlying stocks:	Assurant, Inc., Colfax Corp., Clean Harbors, Inc., Curtiss-Wright Corp., Devon Energy Corp., Encompass Health Corp., EOG Resources, Inc., Diamondback Energy, Inc., TechnipFMC plc, General Motors Co., HCA Healthcare, Inc., HP Inc., McKesson Corp., ONEOK, Inc., Polaris Inc., PVH Corp., Pioneer Natural Resources Co., Regions Financial Corp., Reinsurance Group of America, Inc., Raytheon Technologies Corp., Signature Bank, Skechers U.S.A., Inc., Steel Dynamics, Inc., TCF Financial Corp., Tenet Healthcare Corp., Universal Health Services, Inc. and Cimarex Energy Co., equal weights
Amount:	$12,888,790
Maturity:	Nov. 29, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the basket return is positive, par plus 2 times the basket return up to a 26.7% maximum return; if the basket return declines but not more than 25%, the payout will be par; if the basket finishes below the downside threshold, investors will lose 1% for every 1% that the basket declines from its initial level
Downside threshold:	75% of initial basket level
Pricing date:	Nov. 25
Settlement date:	Nov. 30
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90278R429

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