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Published on 2/3/2022 in the Prospect News Structured Products Daily.

New Issue: UBS prices $1.5 million trigger callable contingent yield notes on S&P

By Wendy Van Sickle

Columbus, Ohio, Feb. 3 – UBS AG, London Branch priced $1.5 million of trigger callable contingent yield notes due Jan. 28, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.5% 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 plus any coupon otherwise due on any quarterly observation date after one year.

If the notes are not called and the index finishes at or above its 70% trigger level, the payout at maturity will be par plus the final coupon. Otherwise, investors will be fully exposed to the loss.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:UBS AG, London Branch
Issue:Trigger callable contingent yield notes
Underlying index:S&P 500 index
Amount:$1.5 million
Maturity:Jan. 28, 2027
Coupon:6.5% per year, payable quarterly if the index closes at or above its coupon barrier level on the relevant observation date
Price:Par
Payout at maturity:Par plus final coupon unless the index finishes below its trigger level, in which case investors will be fully exposed to the loss
Call option:After one year at par plus any coupon otherwise due on any quarterly observation date
Initial level:4,356.45
Coupon barrier level:3,049.52; 70% of initial level
Trigger level:3,049.52; 70% of initial level
Pricing date:Jan. 25
Settlement date:Jan. 28
Agents:UBS Financial Services Inc. and UBS Investment Bank
Fees:1%
Cusip:90279DYV9

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