New Issue: UBS prices $299,972 8.86% trigger yield optimization notes linked to Schlumberger

Chicago, May 1 – UBS AG, London Branch priced $299,972.34 of 8.86% trigger yield optimization notes due Dec. 14 linked to the common stock of Schlumberger NV (Schlumberger Ltd.), according to a 424B2 filing with the Securities and Exchange Commission.

The face amount of each note is $47.21, which is equal to the initial share price of Schlumberger NV stock.

Interest is payable monthly.

The payout at maturity will be par unless the final price of Schlumberger NV stock is less than 60% of the initial share price, in which case investors will receive one Schlumberger NV share per note.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Schlumberger NV (Schlumberger Ltd.) (NYSE: SLB)
Amount:	$299,972.34
Maturity:	Dec. 14
Coupon:	8.86%, payable monthly
Price:	Par of $47.21
Payout at maturity:	If final share price is less than trigger price, one Schlumberger NV share; otherwise, par
Initial share price:	$47.21
Trigger price:	$28.33, 60% of initial price
Pricing date:	June 10, 2022
Settlement date:	June 14, 2022
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.37%
Cusip:	90303N823

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