New Issue: UBS prices $1.8 million contingent absolute return autocallable optimization securities linked to Dow

New York, Dec. 23 – UBS AG, London Branch priced $1.8 million of 0% contingent absolute return autocallable optimization securities due Dec. 27, 2023 linked to the common stock of Dow Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call return of 9.05% per year if Dow shares close at or above the initial share price on any observation date, which occurs every two months.

If the notes are not called and Dow shares finish at or above the trigger price, 60.7% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return. Otherwise, investors will be exposed to the share price decline from the initial price.

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

Issuer:	UBS AG, London Branch
Issue:	Contingent absolute return autocallable optimization securities
Underlying stock:	Dow Inc. (NYSE: DOW)
Amount:	$1,795,000
Maturity:	Dec. 27, 2023
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If final share price is greater than or equal to trigger price, par plus absolute value of stock return; otherwise, full exposure to share price decline
Call:	Automatically at par plus 9.05% per year if Dow shares close at or above initial share price on any observation date, which occurs every two months
Initial share price:	$54.20
Trigger price:	$32.90, 60.7% of initial price
Pricing date:	Dec. 21
Settlement date:	Dec. 23
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.5%
Cusip:	90302M545

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