New Issue: UBS sells $3.1 million trigger autocallable contingent yield notes with memory on stocks

By William Gullotti

Buffalo, N.Y., Nov. 9 – UBS AG, London Branch priced $3.1 million of trigger autocallable contingent yield notes with memory interest due Nov. 8, 2024 linked to the least performing of the common stocks of Apple Inc., Meta Platforms, Inc. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at the rate of 9.6% per year if each stock closes at or above its coupon barrier, 60% of its initial level, on any related observation date. Contingent coupon payments will include any previously unpaid coupons.

The notes will be automatically called at par plus the coupon if the shares of each stock close 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 the final coupon and any previously unpaid coupons. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than its initial share price.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes with memory interest
Underlying stocks:	Apple Inc., Meta Platforms, Inc., Netflix, Inc.
Amount:	$3.1 million
Maturity:	Nov. 8, 2024
Coupon:	9.6% per year, paid quarterly, if each stock closes at or above its coupon barrier on any related observation date; coupon payment events will include previously unpaid coupons, if any
Price:	Par
Payout at maturity:	Par plus final coupon and any unpaid coupons unless any stock finishes below downside threshold level, in which case 1% loss for each 1% decline of laggard stock from initial level
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:	$151.28 for Apple, $341.13 for Meta, $645.72 for Netflix
Coupon barrier levels:	$90.77 for Apple, $204.68 for Meta, $387.43 for Netflix; 60% of initial levels
Downside thresholds:	$90.77 for Apple, $204.68 for Meta, $387.43 for Netflix; 60% of initial levels
Pricing date:	Nov. 5
Settlement date:	Nov. 10
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	1.5%
Cusip:	90279DNZ5

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