UBS AG - Phoenix Autocallable Potential Coupon Payment

Phoenix Autocallable Potential Coupon Payment

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

UBS AG, as Issuers of the UBS Automatic Early Redeemable Note (Phoenix
Autocallable) linked to the FTSE 100 Index, EURO STOXX 50 Index and
Standard and Poor's 500 Index (the "Notes"), hereby notifies holders of a
potential coupon payment due on Monday, 15 June 2020.

Condition for coupon payment:     The UBS Automatic Early Redeemable Note
(Phoenix Autocallable) product offers a coupon payment if all Underlyings
close at or above the Coupon Barrier level as shown in the below table on
the Observation Date, Tuesday, 09 June 2020.

Underlyings and Levels:
Indexi       Initial Level     Contingent      Mandatory       Knock-In
                               Coupon Level    Early           Level
                                               Termination
                                               Level
FTSE 100       7,188.5000      5,750.8000      7,188.5000      4,313.1000
Index          (the Index      (80% of the     (100% of the    (60% of the
               Closing Level   Index Closing   Index Closing   Index Closing
               on the          Level on the    Level on the    Level on the
               Pricing Date)   Pricing Date)   Pricing Date)   Pricing Date)
EURO STOXX     3,660.0200      2,928.0160      3,660.0200      2,196.0120
50 Index       (the Index      (80% of the     (100% of the    (60% of the
               Closing Level   Index Closing   Index Closing   Index Closing
               on the          Level on the    Level on the    Level on the
               Pricing Date)   Pricing Date)   Pricing Date)   Pricing Date)
Standard       3,112.7600      2,490.2080      3,112.7600      1,867.6560
and Poor's     (the Index      (80% of the     (100% of the    (60% of the
500 Index      Closing Level   Index Closing   Index Closing   Index Closing
               on the          Level on the    Level on the    Level on the
               Pricing Date)   Pricing Date)   Pricing Date)   Pricing Date)


Important information should the conditions for the coupon payment be met:

Cash Settlement Amount:            To be announced on 10           June   2020
                                   by 14:00 South African time
ISIN:                              ZAE000281168
Alpha Code:                        UBGPAA
Autocall Last Day to Trade:        Tuesday, 09 June 2020
Notes commence trading ex-payment: Wednesday, 10 June 2020
Record Date:                       Friday, 12 June 2020
Payment Date:                      Monday, 15 June 2020
Autocall Termination Date:         Tuesday, 09 December 2025

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
26 May 2020

Sponsor: UBS South Africa (Pty) Limited

Date: 26-05-2020 11:45:00
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