New Issue: UBS prices $2.05 million trigger autocallable notes on S&P 500

By Cady Vishniac

Detroit, Dec. 24 – UBS AG, London Branch priced $2.05 million of 0% trigger autocallable notes due Dec. 23, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 8% per year if the index closes at or above the initial value on any annual observation date, including the final observation date.

If the notes are not called and the index finishes at or above the downside threshold level, 75% of the initial value, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final value is less than the initial value.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying index:	S&P 500 index
Amount:	$2,054,000
Maturity:	Dec. 23, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless index finishes below downside threshold, in which case 1% loss for each 1% decline from initial value
Call:	Automatically at par plus 8% per year if index closes at or above initial value on any annual observation date, including the final observation date
Initial value:	3,079.41
Downside threshold:	2,782.06, 75% of initial value
Pricing date:	Dec. 18
Settlement date:	Dec. 23
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	None
Cusip:	90276BLQ4

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