Chicago, May 10 – UBS AG, London Branch priced $720,000 of trigger autocallable contingent yield notes due June 20, 2024 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly coupon at the rate of 13.25% per year if the stock closes at or above its coupon barrier, 50% of its initial share price, on any related observation date.
The notes will be automatically called at par plus coupon if the shares of the stock close at or above the initial share price on any quarterly call observation date after six months.
If the notes are not called and the final share price is greater than or equal to the downside threshold level, 50% of the initial share price, the payout at maturity will be par plus the final coupon.
Otherwise, investors will lose 1% for every 1% decline in share price from the initial share price, payable as 63.1473 shares.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying stock: | Nvidia Corp.
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| Amount: | $720,000
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| Maturity: | June 20, 2024
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| Coupon: | 13.25% per year, paid monthly, if the stock closes at or above its coupon barrier on any related observation date
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| Price: | Par of $10,000
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| Payout at maturity: | Par plus the final coupon unless the stock finishes below downside threshold level, in which case investors will be fully exposed to the stock’s decline from its initial share price, payable as 63.1473 shares
|
| Call: | Automatically at par plus coupon if the stock closes at or above initial share price on any quarterly call observation date after six months
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| Initial share price: | $158.36
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| Coupon barrier level: | $79.18; 50% of initial share price
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| Downside threshold: | $79.18; 50% of initial share price
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| Pricing date: | June 14, 2022
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| Settlement date: | June 17, 2022
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 1.75%
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| Cusip: | 90279FHM6
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