New Issue: UBS prices $1.64 million trigger callable contingent yield notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Nov. 27 – UBS AG, London Branch priced $1.64 million of trigger callable contingent yield notes due Nov. 20, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon at an annual rate of 9.9% if the index’s closing level is greater than or equal to its 70% coupon barrier level on the corresponding observation date.

The notes may be called at par on any semiannual observation date.

If the notes are not called and the index finishes at or above its 70% trigger level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index’s final level is below its initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger callable contingent yield notes
Underlying asset:	Russell 2000 index
Amount:	$1,638,000
Maturity:	Nov. 20, 2026
Coupon:	9.9% per year, payable semiannually if index closes at or above its coupon barrier level on the relevant observation date
Price:	Par
Payout at maturity:	If index finishes at or above trigger level, par; otherwise, full exposure to the decline of index from its initial level
Call option:	At par on any semiannual observation date
Initial level:	1,797.766
Coupon barrier levels:	1,258.436; 70% of initial level
Trigger levels:	1,258.436; 70% of initial level
Pricing date:	Nov. 17
Settlement date:	Nov. 22
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	0%
Cusip:	90279WNR1

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