New Issue: UBS prices $14.89 million commodity-linked securities on basket

By Wendy Van Sickle

Columbus, Ohio, May 19 – UBS AG, London Branch priced $14.89 million of 0% commodity-linked securities due May 16, 2024 linked to the performance of an equally-weighted basket of eight commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of West Texas Intermediate light sweet crude oil futures contracts, heating oil, natural gas futures, corn, soybeans, gasoline, copper and zinc.

If the basket finishes positive, the payout at maturity will be par plus the basket gain.

Otherwise, investors will receive par.

UBS Investment Bank is the agents with Morgan Stanley Wealth Management as placement agent.

Issuer:	UBS AG, London Branch
Issue:	Commodity-linked securities
Underlying assets:	West Texas Intermediate light sweet crude oil futures contracts, heating oil, natural gas futures, corn, soybeans, gasoline, copper, zinc; equal weights
Amount:	$14,892,000
Maturity:	May 16, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket finishes positive, par plus basket gain; otherwise, par
Initial prices:	$110.49 for WTI, $105.94 for heating oil, $7.663 for natural gas, $7.945 for corn, $17.2325 for soybeans, $3.9578 for gasoline, $9,1064.00 for copper, $3,500.00 for zinc
Pricing date:	May 13
Settlement date:	May 18
Agents:	UBS Investment Bank with Morgan Stanley Wealth Management as placement agent
Fees:	2.25%
Cusip:	90279FBV2

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