By Wendy Van Sickle
Columbus, Ohio, Feb. 25 – UBS AG, London Branch priced $2.16 million of 5% trigger autocallable yield notes due Feb. 16, 2023 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par plus accrued interest if the index closes at or above the initial level on any monthly observation date after six months.
If the notes are not called, the payout at maturity will be par unless the final index level is less than 60% of the initial level, in which case investors will be fully exposed to the decline.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable yield notes
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| Underlying stock: | Nasdaq-100
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| Amount: | $2.16 million
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| Maturity: | Feb. 16, 2023
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| Coupon: | 5%, payable monthly
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| Price: | Par of $10
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| Payout at maturity: | Par unless final level is less than downside threshold level, in which case full exposure to loss
|
| Call: | Automatically at par plus accrued interest if index closes at or above initial level on any monthly observation date after six months
|
| Initial level: | 13,734.35
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| Downside threshold level: | 8,240.61, 60% of initial level
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| Pricing date: | Feb. 11
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| Settlement date: | Feb. 17
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 0.5%
|
| Cusip: | 90276BPM9
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