By Wendy Van Sickle
Columbus, Ohio, Jan. 3 – UBS AG, London Branch priced $7.47 million of trigger autocallable contingent yield notes due Dec. 24, 2026 linked to the least performing of the iShares Russell 2000 ETF and the SPDR S&P Metals & Mining ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at the rate of 8.15% per year if each ETF closes at or above its coupon barrier, 60% of its initial level, on the related observation date.
The notes will be automatically called at par plus coupon if the shares of each ETF close at or above its initial share price on any quarterly call observation date after six months.
If the notes are not called and the final share price of each ETF is greater than or equal to the downside threshold level, 60% of the initial share price, the payout at maturity will be par plus the final coupon.
Otherwise, investors will be fully exposed to the losses of the laggard ETF.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying ETFs: | SPDR S&P Metals & Mining ETF, iShares Russell 2000 ETF
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| Amount: | $7,465,000
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| Maturity: | Dec. 24, 2026
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| Coupon: | 8.15% per year, paid quarterly, if each ETF closes at or above its coupon barrier on any related observation date
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| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless any ETF finishes below downside threshold level, in which case full exposure to loss of laggard ETF
|
| Call: | Automatically at par plus coupon if each ETF closes at or above initial level on any quarterly call observation date after six months
|
| Initial levels: | $199.62 for iShares Russell, $60.12 for Metals & Mining
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| Coupon barrier levels: | $119.77 for iShares Russell, $36.07 for Metals & Mining; 60% of initial levels
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| Downside thresholds: | $119.77 for iShares Russell, $36.07 for Metals & Mining; 60% of initial levels
|
| Pricing date: | Dec. 21
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| Settlement date: | Dec. 27
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 2%
|
| Cusip: | 90301Q596
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