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Published on 10/11/2023 in the Prospect News Structured Products Daily.

New Issue: UBS prices $1.1 million trigger autocallable contingent yield notes on Nasdaq

Chicago, Oct. 11 – UBS AG, London Branch priced $1.1 million of trigger autocallable contingent yield notes due Oct. 8, 2026 linked to the performance of the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay an 8% quarterly contingent coupon if the index closes above its 70% coupon barrier on the related observation date.

The notes will be called at par if the index closes at or above its initial level on any quarterly observation date after six months.

If the notes are not called, the payout at maturity will be par unless the index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the index from 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 index:Nasdaq-100 index
Amount:$1,100,000
Maturity:Oct. 8, 2026
Coupon:8% annual rate, payable quarterly if index closes above coupon barrier on related observation date
Price:Par
Payout at maturity:Par unless the index finishes below downside threshold, in which case 1% loss for each 1% decline from initial level
Call:At par if the index closes at or above initial level on any quarterly observation date after six months
Initial level:14,776.25
Coupon barrier level:10,343.38, 70% of initial level
Downside threshold:10,343.38, 70% of initial level
Pricing date:Oct. 4
Settlement date:Oct. 10
Agent:UBS Securities LLC and UBS Investment Bank
Fees:1.5%
Cusip:90279WGC2

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