New Issue: UBS sells $632,000 10% trigger autocallable yield notes on two stocks

By Kiku Steinfeld

Chicago, July 6 – UBS AG, London Branch priced $632,000 of 10% trigger autocallable yield notes due Feb. 13, 2025 linked to the common stocks of Kraft Heinz Co. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be paid monthly.

The notes will be automatically called at par if each stock closes at or above its initial level on any monthly valuation date after three months.

If the notes have not been called and each stock finishes at or above its 60% downside threshold level, the payout at maturity will be par.

Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable yield notes
Underlying stocks:	Kraft Heinz Co. and Netflix, Inc.
Amount:	$632,000
Maturity:	Feb. 13, 2025
Coupon:	10% per annum, payable monthly
Price:	Par
Payout at maturity:	If each stock finishes at or above its downside threshold level, par; otherwise, full exposure to decline of worst performer from initial level
Call option:	Automatically at par if each stock closes at or above its initial level on any monthly valuation date after three months
Initial levels:	$39.63 for Kraft Heinz, $347.36 for Netflix
Downside threshold levels:	$23.78 for Kraft Heinz, $208.42 for Netflix, or 60% of initial levels
Pricing date:	Feb. 10, 2023
Settlement date:	Feb. 15, 2023
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	3%
Cusip:	90279FW56

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