New York, Sept. 29 – UBS AG London Branch priced $8.41 million of contingent income callable securities due Sept. 25, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.7%, payable quarterly if the index closes at or above its 80% downside threshold level on the related observation date.
The securities may be called starting Dec. 22 and on any subsequent quarterly review date.
If the index gains or ends above its 80% downside threshold the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the index declines if it finishes below its downside threshold level.
UBS Securities LLC is the agent and Morgan Stanley Wealth Management is the dealer.
| Issuer: | UBS AG London Branch
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| Issue: | Contingent income callable securities
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| Underlying index: | S&P 500 index
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| Amount: | $8,408,000
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| Maturity: | Sept. 25, 2025
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| Coupon: | 8.7%, payable quarterly if index closes at or above downside threshold on observation date
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
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| Call: | Starting Dec. 22 and on any subsequent quarterly review date
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| Initial level: | 4,320.06
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| Downside threshold: | 3,456.05, 80% of initial level
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| Pricing date: | Sept. 22
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| Settlement date: | Sept. 27
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| Agent: | UBS Securities LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2%
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| Cusip: | 90279WDV3
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