New Issue: UBS prices $1 million trigger autocallable contingent yield notes on three stocks

By Wendy Van Sickle

Columbus, Ohio, Feb. 11 – UBS AG, London Branch priced $1 million of trigger autocallable contingent yield notes due Sept. 6, 2024 linked to the least performing of the stocks of DocuSign, Inc., Facebook, Inc. and PayPal Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at the rate of 13.5% per year if each stock closes at or above its coupon barrier, 60% of its initial level, on the corresponding observation date.

The notes will be automatically called at par plus coupon if the shares of each stock closes at or above its initial share price on any quarterly call observation date after six months.

If the notes are not called and the final share price of each stock is greater than or equal to the downside threshold level, 60% of the initial share price, the payout at maturity will be par plus any final coupon. Otherwise, investors will be fully exposed to the loss of the laggard stock.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes
Underlying stocks:	DocuSign, Inc., Facebook, Inc. and PayPal Holdings, Inc.
Amount:	$1 million
Maturity:	Sept. 6, 2024
Coupon:	13.5% per year, paid quarterly, if each stock closes at or above its coupon barrier on the related observation date
Price:	Par
Payout at maturity:	Par plus final coupon unless any stock finishes below downside threshold level, in which case full exposure to losses of worst performer
Call:	Automatically at par plus coupon if each stock closes at or above initial level on any quarterly call observation date after six months
Initial levels:	$296.24 for DocuSign, $379.38 for Facebook, $288.66 for PayPal
Coupon barrier levels:	$177.74 for DocuSign, $227.63 for Facebook, $173.20 for PayPal; 60% of initial levels
Downside thresholds:	$177.74 for DocuSign, $227.63 for Facebook, $173.20 for PayPal; 60% of initial levels
Pricing date:	Aug. 31
Settlement date:	Sept. 2
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	1.5%
Cusip:	90279DFY7

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