By Kiku Steinfeld
Chicago, Jan. 17 – UBS AG, London Branch priced $511,000 of trigger autocallable contingent yield notes due May 6, 2026 linked to the shares of Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at the rate of 13.35% per year if the stock closes at or above the coupon barrier, 50% of the initial share price, on the corresponding observation date.
The notes will be automatically called at par plus coupon if the stock closes at or above the initial share price on any monthly 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% that the final share price is less than the initial share price.
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: | Advanced Micro Devices, Inc.
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| Amount: | $511,000
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| Maturity: | May 6, 2026
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| Contingent coupon: | 13.35% annual rate, payable monthly if stock closes at or above coupon barrier level on related observation date
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| Price: | Par
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| Payout at maturity: | Par plus the final coupon unless stock finishes below downside threshold level, in which case 1% loss for each 1% decline from initial price
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| Call: | Automatically at par plus coupon if stock closes at or above initial level on any monthly observation date after six months
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| Initial price: | $89.69
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| Coupon barrier/threshold level: | $44.85; 50% of initial price
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| Pricing date: | May 1, 2023
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| Settlement date: | May 4, 2023
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 1.5%
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| Cusip: | 90279GFL8
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