Chicago, March 12 – UBS AG, London Branch priced $4.9 million of trigger autocallable contingent yield notes due March 10, 2027 linked to the common stock of Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly coupon at the rate of 9.6% per year if the stock closes at or above its coupon barrier, 65% of its initial level, on any related observation date.
The notes will be automatically called at par plus the coupon if shares of the stock close at or above initial share price, on any quarterly call observation date starting after six months.
If the notes are not called and the final share price is greater than or equal to the downside threshold level, 65% 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 declines from its initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
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| Underlying stock: | Wells Fargo & Co.
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| Amount: | $4,900,000
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| Maturity: | March 10, 2027
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| Coupon: | 9.6% per year, paid quarterly, if the stock closes at or above its coupon barrier on any related observation date
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus final coupon unless the stock finishes below downside threshold level, in which case 1% loss for each 1% decline from initial level
|
| Call: | Automatically at par plus coupon if the stock closes at or above initial level, on any quarterly call observation date starting after six months
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| Initial levels: | $56.60
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| Coupon barrier level: | $36.79; 65% of initial level
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| Downside threshold: | $36.79; 65% of initial level
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| Strike date: | March 5
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| Pricing date: | March 6
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| Settlement date: | March 8
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2%
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| Cusip: | 90303D619
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