By Kiku Steinfeld
Chicago, April 10 – UBS AG, London Branch priced $500,000 of trigger autocallable yield notes due Dec. 20, 2023 linked to the stock performance of DISH Network Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly coupon at the annual rate of 19.5%.
The notes will be automatically called at par if the stock closes at or above the initial share price on any quarterly call observation date after six months.
If the notes are not called and the final share price of the stock is greater than or equal to the downside threshold level, 50% of the initial share price, the payout at maturity will be par. Otherwise, investors receive a number of shares equal to $10,000 divided by the initial share price.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable yield notes
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| Underlying stock: | DISH Network Corp.
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| Amount: | $500,000
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| Maturity: | Dec. 20, 2023
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| Contingent coupon: | 19.5%, paid monthly
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| Price: | Par of $10,000
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| Payout at maturity: | Par unless the stock finishes below downside threshold level, in which case receive 672.9475 shares per note
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| Call: | Automatically at par if the stock closes at or above initial level on any quarterly call observation date after six months
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| Initial level: | $14.86
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| Downside threshold: | $7.43; 50% of initial level
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| Pricing date: | Dec. 15
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| Settlement date: | Dec. 20
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 1%
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| Cusip: | 90279FH87
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