UBS AG - Listing of UBS Digital Plus Equity Note

Listing of UBS Digital Plus Equity Note

UBS AG, London Branch
(“UBS AG” or the “Company”)
(Incorporated and domiciled in Switzerland)
(Registration number: CHE-101.329.561)

Notification of UBS Digital Plus Equity Note linked to the SPX Index (the
"Notes") – Series 4

The JSE Limited has granted UBS approval for the listing of the UBS Digital
Plus Equity Note linked to the Standard and Poor’s 500 Index (SPX) due 30
November 2026.

A Digital Plus Equity Note is a structured product which offers returns in
the form of coupon payments, subject to an underlying reference asset(s)
being at or above a specified level. The product has a fixed maximum tenor.
The coupon paid by the product is financed by a short position in a put
option which matches the maximum tenor of the product.

The Notes are a notional rand denominated structured product referencing a
global index. This product offers a return if the spot price of the underlying
index exceeds the Digital strike price at the Expiration Date. In this case,
the investors will receive a fixed coupon payment. Furthermore, the product
incorporates an out-of-the-money (OTM) call option. If the spot price of the
underlying exceeds this OTM call strike at Expiration Date, the investor
will receive the performance of the index in addition to receiving their
coupon payment.

If the spot price of the underlying index is below the Digital strike level,
the investor will receive 100% of the nominal on the Redemption Date provided
that the Kick-In level has not been breached on the Expiration Date.

If the underlying index closes at or below its respective Kick-In at the
Expiration Date, the redemption value will reflect the performance of the
underlying index.

This listing is issued under the Information Memorandum of UBS AG. Trading
will commence on Wednesday, 14 June 2023.

INSTRUMENT NUMBER:                109583
ALPHA CODE:                       UBS003
ISIN:                             ZAE000322616
ISSUE SIZE (UNITS):               8,910 units with reopening clause

LISTING DATE:                     14 June 2023
EXPIRY DATE:                      30 November 2026

ISSUE PRICE (RAND):               1,000 per Note

UNDERLYING INDICES:               Standard and Poor’s 500 Index
                                  Bloomberg ticker: SPX Index

Underlyings and Levels (on the Pricing Date):
 
Index          Initial Level    Digital Strike Level           Knock-In Level
          Index Closing Level      (100% of the Index        (70% of the Index
              on Pricing Date        Closing Level on         Closing Level on
                                        Pricing Date)            Pricing Date)
 SPX                 4,205.52                4,205.52                2,943.864

For further information kindly contact:
UBS KeyInvest South Africa
Tel.: +27 11 322 7129 / 7317
E-mail: keyinvestza@ubs.com
Web: http://keyinvest-za.ubs.com/products

Johannesburg
13 June 2023

Sponsor: UBS South Africa (Pty) Limited

Date: 13-06-2023 03:30:00
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