New Issue: UBS prices $1.28 million capped gears linked to basket of three stocks

By William Gullotti

Buffalo, N.Y., Nov. 14 – UBS AG, London Branch priced $1.28 million of 0% capped gears due Jan. 15, 2025 linked to an equally-weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is comprised of Adobe Inc., Meta Platforms, Inc. and T-Mobile US, Inc..

If the basket return is greater than zero, the payout at maturity will be par plus three times the basket return, subject to a maximum return of 24.9%.

If the basket return is negative, investors will have one-to-one exposure to the decline.

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

Issuer:	UBS AG, London Branch
Issue:	Capped gears
Underlying stocks:	Adobe Inc., Meta Platforms, Inc., T-Mobile US, Inc.; equally weighted
Amount:	$1.28 million
Maturity:	Jan. 15, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is greater than zero, par plus three times basket return, subject to 24.9% maximum return; one-to-one exposure to any basket decline
Initial levels:	$597.22 for Adobe, $328.77 for Meta, $147.61 for T-Mobile
Pricing date:	Nov. 10
Settlement date:	Nov. 15
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.25%
Cusip:	90279WQK3

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