Chicago, Dec. 9 – UBS AG, London Branch priced $750,000 of trigger callable contingent yield notes due April 10, 2025 linked to the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly contingent coupon at an annual rate of 7.85% if the index’s closing level is at least 70% of its initial level on the corresponding observation date.
The notes will be callable at par on any quarterly observation date after six months.
If the notes are not called and the index finishes at or above the 75% coupon barrier, the payout at maturity will be par plus the final coupon.
If the index finishes below the coupon barrier but not below its 60% trigger level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the index’s final level is below its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger callable contingent yield notes
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| Underlying index: | Russell 2000 index
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| Amount: | $750,000
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| Maturity: | April 10, 2025
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| Coupon: | 7.85% per year, payable quarterly if the index closes at or above its coupon barrier on the relevant observation date
|
| Price: | Par
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| Payout at maturity: | Par plus the final coupon if index finishes at or above coupon barrier; if index finishes below coupon barrier but at or above trigger level, par; otherwise, full exposure to losses
|
| Call option: | At par on any quarterly observation date after six months
|
| Initial level: | 2,016.937
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| Coupon barrier level: | 1,411.856; 70% of initial level
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| Trigger level: | 1,210.162; 60% of initial level
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| Pricing date: | April 6
|
| Settlement date: | April 11
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 0.6%
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| Cusip: | 90279D4K9
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