New Issue: UBS prices $100,000 trigger return optimization securities linked to Snowflake

New York, July 25 – UBS AG, London Branch priced $100,000 of trigger return optimization securities due Jan. 12, 2023 linked to the common stock of Snowflake Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If Snowflake stock finishes at or above the initial price, the payout at maturity will be par plus five times any gain, subject to a maximum payout of par plus 38.77%.

Investors will receive par if the stock declines but finishes at or above the 80% trigger level and will share in any losses if it closes below the trigger level.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger return optimization securities
Underlying stock:	Snowflake Inc. (NYSE: SNOW)
Amount:	$100,000
Maturity:	Jan. 12, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus five times any gain in stock, capped at 38.77%; par if stock declines but finishes at or above the trigger level; otherwise, full exposure to decline in share price from initial share price
Initial share price:	$299.68
Trigger level:	$239.74, 80% of initial price
Pricing date:	Jan. 7
Settlement date:	Jan. 11
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1%
Cusip:	90302P613

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