Chicago, March 25 – UBS AG, London Branch priced $819,000 of 10.75% trigger autocallable yield notes with daily close monitoring knock-in due Feb. 7, 2022 linked to the common stocks of Apple Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid quarterly.
The notes will be automatically called at par if the shares of each stock close at or above the initial share price on any observation date other than the final one.
Investors will receive par if both stocks close above their initial levels or they will receive par if neither stock closes below its 60% downside threshold on any day during the life of the notes.
Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than the initial share price, payable in shares of the worst performer.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable yield notes with daily close monitoring knock-in
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| Underlying stock: | Apple Inc. and Microsoft Corp.
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| Amount: | $819,000
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| Maturity: | Feb. 7, 2022
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| Coupon: | 10.75% annual rate, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par if both stocks finish above initial level or par if neither stock finishes below downside threshold on any day during the life of the notes; otherwise, 1% loss for each 1% decline of laggard stock from initial level, payable in a specified number of shares of worst performer
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| Call: | Automatically at par if each stock closes at or above initial level on any quarterly observation date other than the final one
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| Initial prices: | $131.96 for Apple and $231.96 for Microsoft
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| Downside thresholds: | $79.18 for Apple and $139.18 for Microsoft; 60% of initial levels
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| Share delivery amounts: | 7.5781 for Apple and 4.3111 for Microsoft
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| Pricing date: | Feb. 1
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| Settlement date: | Feb. 4
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 1.25%
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| Cusip: | 90276BPY3
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