New Issue: UBS sells $8.55 million trigger autocallable notes linked to FTSE, EM ETF

By Wendy Van Sickle

Columbus, Ohio, Jan. 31 – UBS AG, London Branch priced $8.55 million of 0% trigger autocallable notes due Feb. 3, 2025 linked to the lesser performing of the iShares MSCI Emerging Markets ETF and the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 10.35% per annum if each asset closes at or above its initial level, on any annual observation date.

If the notes are not called, the payout at maturity will be par unless either asset finishes below the 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.

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

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying assets:	iShares MSCI Emerging Markets ETF and FTSE 100 index
Amount:	$8.55 million
Maturity:	Feb. 3, 2025
Coupon:	0%
Price:	Par
Call:	At par plus 10.35% annualized call premium if both assets close at or above initial levels on any annual observation date
Payout at maturity:	If notes are not called, par unless either asset closes below downside threshold, in which case 1% loss for each 1% decline of worse performing asset
Initial levels:	7,483.57 for index, $43.63 for ETF
Downside thresholds:	5,238.5 for index, $30.54 for ETF; 70% of initial levels
Pricing date:	Jan. 29
Settlement date:	Jan. 31
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2.83%
Cusip:	90270K3G2

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