New Issue: UBS sells $1.64 million trigger autocallable contingent yield notes on stocks

By Wendy Van Sickle

Columbus, Ohio, Oct. 26 – UBS AG, London Branch priced $1.64 million of trigger autocallable contingent yield notes due Oct. 19, 2023 linked to the least performing of the common stocks of salesforce.com, inc., Goldman Sachs Group, Inc. and FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at the rate of 12% per year if the least-performing stock closes at or above its coupon barrier, 60% of its initial share price, on the observation date.

The notes will be automatically called at par if the least-performing stock closes at or above its initial share price on any quarterly call observation date.

If the notes are not called and the final share price of the least-performing stock is greater than or equal to that stock’s downside threshold level, 60% of its initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing stock’s final share price is less than its initial share price.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes
Underlying stock:	salesforce.com, inc, Goldman Sachs Group, Inc. and FedEx Corp.
Amount:	$1,643,000
Maturity:	Oct. 19, 2023
Contingent coupon:	12%, payable monthly if least-performing stock closes at or above coupon barrier level on related observation date
Price:	Par
Payout at maturity:	Par unless least-performing stock finishes below downside threshold level, in which case 1% loss for each 1% that least-performing stock declines from initial price
Call:	Automatically at par if least-performing stock closes at or above initial share price on any quarterly observation date
Initial price:	$258.55 for salesforce, $206.21 for Goldman Sachs and $283.87 for FedEx
Coupon barrier:	$155.13 for salesforce, $123.73 for Goldman Sachs and $170.32 for FedEx, 60% of initial price
Downside threshold:	$155.13 for salesforce, $123.73 for Goldman Sachs and $170.32 for FedEx, 60% of initial price
Pricing date:	Oct. 16
Settlement date:	Oct. 21
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	3.5%
Cusip:	90276BJC8

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