New Issue: UBS prices $1.28 million trigger autocallable contingent yield notes on four stocks

By Wendy Van Sickle

Columbus, Ohio, April 27 – UBS AG, London Branch priced $1.28 million of trigger autocallable contingent yield notes due April 30, 2026 linked to the least performing of the common stocks of Apple Inc., Amazon.com, Inc., Alphabet Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at the rate of 12% per year if each stock closes at or above its coupon barrier, 50% of its initial level, on the corresponding observation date.

The notes will be automatically called at par plus coupon if the shares of each stock closes at or above its initial share price on any quarterly call observation date after six months.

If the worst performer finishes at or above its downside threshold level, 50% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than its initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes
Underlying stocks:	Apple Inc., Amazon.com, Inc., Alphabet Inc. and Microsoft Corp.
Amount:	$1,282,000
Maturity:	April 30, 2026
Coupon:	12% per year, paid monthly, if each stock closes at or above its coupon barrier on the related observation date
Price:	Par
Payout at maturity:	Par plus final coupon if each stock finishes at or above downside threshold; otherwise, 1% loss for each 1% decline of worst performer from initial level
Call:	Automatically at par plus coupon if each stock closes at or above initial level on any quarterly call observation date after six months
Initial levels:	$163.77 for Apple, $102.57 for Amazon, $104.61 for Alphabet, $275.42 for Microsoft
Coupon barrier levels:	$81.89 for Apple, $51.29 for Amazon, $52.31 for Alphabet, $137.71 for Microsoft; 50% of initial levels
Downside thresholds:	$81.89 for Apple, $51.29 for Amazon, $52.31 for Alphabet, $137.71 for Microsoft; 50% of initial levels
Pricing date:	April 25
Settlement date:	April 28
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	3%
Cusip:	90279GCD9

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