New Issue: UBS prices $3.25 million trigger absolute return autocallable notes on Ford

By William Gullotti

Buffalo, N.Y., March 28 – UBS AG, London Branch priced $3.25 million of 0% trigger absolute return autocallable notes due May 2, 2023 linked to Ford Motor Co. common stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annual call premium of 15% if the shares close at or above its initial share price on any quarterly observation date.

If not called and the stock finishes above its 70% downside threshold, the payout at maturity will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger absolute return autocallable notes
Underlying stock:	Ford Motor Co.
Amount:	$3,253,000
Maturity:	May 2, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If not called and stock finishes at or above downside threshold, par plus absolute return; otherwise, full exposure to share price decline
Call:	At par plus 15% per year if shares close at or above initial share price on any quarterly observation date
Initial share price:	$12.49
Downside threshold level:	$8.74; 70% of initial price
Pricing date:	April 28, 2021
Settlement date:	April 30, 2021
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	1.5%
Cusip:	90278Y408

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