New Issue: UBS prices $1.02 million trigger autocallable contingent yield notes on four stocks

By Wendy Van Sickle

Columbus, Ohio, May 10 – UBS AG, London Branch priced $1.02 million of trigger autocallable contingent yield notes due May 1, 2028 linked to the least performing of the common stocks of Apple Inc., American Express Co., Texas Instruments Inc. and Sherwin-Williams Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at the rate of 12.55% per year if each stock closes at or above its coupon barrier, 60% 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 monthly call observation date after 12 months.

If the worst performer finishes at or above its downside threshold level, 60% 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., American Express Co., Texas Instruments Inc. and Sherwin-Williams Co.
Amount:	$1,016,000
Maturity:	May 1, 2028
Coupon:	12.55% 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 monthly call observation date after 12 months
Initial levels:	$163.76 for Apple, $155.72 for American Express, $164.46 for Texas Instruments, $228.90 for Sherwin-Williams
Coupon barrier levels:	$98.26 for Apple, $93.43 for American Express, $98.68 for Texas Instruments, $137.71 for Sherwin-Williams; 60% of initial levels
Downside thresholds:	$98.26 for Apple, $93.43 for American Express, $98.68 for Texas Instruments, $137.71 for Sherwin-Williams; 60% of initial levels
Pricing date:	April 26
Settlement date:	May 1
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	4%
Cusip:	90279GDZ9

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