New Issue: UBS prices $500,000 buffered return optimization notes on S&P 500 ETF

By Kiku Steinfeld

Chicago, May 22 – UBS AG, London Branch priced $500,000 of buffered return optimization securities due Jan. 23, 2024 linked to SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund closes at or above its initial price, the payout at maturity will be par plus five times any gain, capped at par plus 11.45%.

If the fund declines by up to 8%, the payout will be par. Investors will be exposed to any losses beyond 8%.

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

Issuer:	UBS AG, London Branch
Issue:	Buffered return optimization securities
Underlying fund:	SPDR S&P 500 ETF Trust
Amount:	$500,000
Maturity:	Jan. 23, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus five times return of fund, capped at 11.45%; par if fund declines by up to 8%; exposure to losses beyond 8%
Initial share price:	$391.49
Buffer:	8%
Pricing date:	Jan. 18, 2023
Settlement date:	Jan. 20, 2023
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90286F144

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