By Susanna Moon
Chicago, Dec. 13 – UBS AG London Branch priced $1.69 million of autocallable contingent coupon barrier notes due Nov. 29, 2021 linked to Ford Motor Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent monthly coupon at an annual rate of 10.3% if the stock closes at or above its 60% coupon barrier on the observation date for that month.
The notes will be called at par if the stock closes at or above its initial level on any determination date other than the final date.
The payout at maturity will be par unless the stock finishes below its 60% trigger level, in which case investors will be fully exposed to any losses.
UBS Securities LLC is the underwriter.
| Issuer: | UBS AG London Branch
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| Issue: | Autocallable contingent coupon barrier notes
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| Underlying asset: | Ford Motor Co. (Symbol: F)
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| Amount: | $1,692,200
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| Maturity: | Nov. 29, 2021
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| Coupon: | 10.3% annualized, payable monthly if stock closes at or above 60% coupon barrier on observation date for that month
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below 60% trigger, in which case 1% loss per 1% decline
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| Call: | At par if stock closes at or above initial level on any review date on any determination date other than the final date
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| Initial level: | $9.13
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| Trigger level: | $5.48, 60% of initial level
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| Pricing date: | Nov. 23
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| Settlement date: | Nov. 28
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| Agents: | UBS Securities LLC
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| Fees: | 2%
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| Cusip: | 90281B593
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