By Taylor Fox
New York, Feb. 22 – UBS AG, London Branch priced $10 million of buffered income autocallable securities with downside leverage due Feb. 3, 2022 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 11.5% if the stock closes above its 80% downside threshold level on the related determination date. Previously unpaid coupons will also be paid.
The notes will be called at par of $10,000 plus the coupon if the shares close at or above the initial share price on any monthly determination date other than the final determination date.
If the final share price is greater than or equal to the downside threshold level, 80% of the initial level, the payout at maturity will be par plus any final coupons due. Otherwise, investors will receive a number of shares equal to $10,000 divided by the downside threshold level and any fractional shares will be paid in cash.
UBS Securities LLC is the agent and Morgan Stanley Wealth Management is the dealer.
| Issuer: | UBS AG, London Branch
|
| Issue: | Buffered income autocallable securities with downside leverage
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| Underlying stock: | Amazon.com, Inc.
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| Amount: | $10 million
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| Maturity: | Feb. 3, 2022
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| Coupon: | 11.5% per year, payable monthly if stock closes above downside threshold on related determination date; previously unpaid coupons will also be paid
|
| Price: | Par of $10,000
|
| Payout at maturity: | If final share price is greater than or equal to downside threshold level, par plus any coupons due; otherwise, 3.8669 shares of the stock
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| Call: | At par plus coupon if shares close at or above initial share price on any monthly determination date other than final determination date
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| Initial share price: | $3,232.58
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| Downside threshold: | $2,582.06, 80% of initial share price
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| Pricing date: | Jan. 27
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| Settlement date: | Jan. 29
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| Agent: | UBS Securities LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 0.2%
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| Cusip: | 90278X244
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