By William Gullotti
Buffalo, N.Y., Aug. 17 – UBS AG, London Branch priced $6.46 million of 0% airbag autocallable yield notes due Aug. 11, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized return of 6.5% if the index closes at or above the initial level on any quarterly observation date after one year.
The payout at maturity will be par if the final index level is below its initial level meaning the notes have not been called and the index finishes above 80% of its initial level.
Otherwise, investors will lose 1.25% for each 1% decline of the index beyond the 20% threshold percentage.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Airbag autocallable yield notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $6,455,000
|
| Maturity: | Aug. 11, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If not called because index finishes below initial, par if index finishes above downside threshold; otherwise, 1.25% loss for each 1% decline beyond the threshold level
|
| Call: | At par plus 6.5% annualized return if index closes above initial level on quarterly determination date after one year
|
| Initial share price: | 4,436.52
|
| Threshold level: | 3,549.22; 80% of initial level
|
| Pricing date: | Aug. 6
|
| Settlement date: | Aug. 11
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 0%
|
| Cusip: | 90279DDC7
|
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