By Wendy Van Sickle
Columbus, Ohio, Sept. 18 – UBS AG, London Branch priced $9.09 million of trigger autocallable contingent yield notes due Sept. 17, 2026 linked to the relevant nearby ICE-traded Brent crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly coupon at the annual rate of 12.5% if the asset closes above the 60% coupon barrier on the related observation date.
The notes will be automatically called at par if the asset 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 asset is greater than or equal to the downside threshold level, 60% of the initial share price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the losses of the asset.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
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| Underlying asset: | Relevant nearby ICE-traded Brent crude oil futures contract
|
| Amount: | $9,094,800
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| Maturity: | Sept. 17, 2026
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| Contingent coupon: | 12.5% annual rate, paid quarterly if asset closes above coupon barrier level on related observation date
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless the asset finishes below downside threshold level, in which case full exposure to losses of asset
|
| Call: | Automatically at par if the asset closes at or above initial level on any quarterly call observation date after six months
|
| Initial level: | $91.88
|
| Coupon barrier level: | $55.13, 60% of initial level
|
| Downside threshold: | $55.13, 60% of initial level
|
| Pricing date: | Sept. 13
|
| Settlement date: | Sept. 18
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90289Y611
|
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