By William Gullotti
Buffalo, N.Y., Sept. 26 – UBS AG, London Branch priced $1.75 million of step down buffer autocallable notes due Sept. 24, 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 a 10% annualized call premium if the index closes at or above initial level on any annual valuation date.
At maturity, the notes will be called at par plus the 30% final premium if the index finishes at or above 90% of initial level.
Otherwise, investors will lose 1% for each 1% decline beyond 10%.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Step down buffer autocallable notes
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Underlying index: | S&P 500 index
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Amount: | $1,748,000
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Maturity: | Sept. 24, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 30% if the index finishes at or above downside threshold; otherwise, 1% loss for each 1% decline of index beyond 10%
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Call: | At par plus 10% annualized call premium if the index closes at or above initial level on any annual valuation date
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Initial level: | 4,330.0
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Downside threshold: | 3,897.0; 90% of initial level
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Pricing date: | Sept. 21
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Settlement date: | Sept. 26
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 0.68249%
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Cusip: | 90279WDC5
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