New Issue: UBS prices $6.95 million contingent income autocallable securities on three stocks

By Wendy Van Sickle

Columbus, Ohio, April 26 – UBS AG, London Branch priced $6.95 million of contingent income autocallable securities due April 22, 2027 linked to the least performing of the stocks of ConocoPhillips, Devon Energy Corp. and Occidental Petroleum Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at the rate of 10.25% per year if each stock closes at or above its coupon barrier level, 50% of its initial level, on the observation date that period.

The notes will be automatically called at par plus any coupon otherwise due if each stock closes at or above its initial level on any quarterly observation date.

If each stock finishes at or above its 50% downside threshold level, the payout at maturity will be par plus any coupon otherwise due.

Otherwise, investors will lose 1% for every 1% that the worst performer declines from its initial level.

UBS Securities LLC is the agent. Morgan Stanley Wealth Management is acting as a selected dealer.

Issuer:	UBS AG, London Branch
Issue:	Contingent income autocallable securities
Underlying stocks:	ConocoPhillips, Devon Energy Corp. and Occidental Petroleum Corp.
Amount:	$6,947,000
Maturity:	April 22, 2027
Coupon:	10.25% per year, payable quarterly if each stock closes at or above coupon barrier level on the observation date that period
Price:	Par
Payout at maturity:	If each stock finishes at or above downside threshold level, par plus any coupon otherwise due; otherwise, 1% loss for every 1% that least performing stock declines from initial level
Call:	Automatically at par plus any coupon otherwise due if each stock closes at or above initial level on any quarterly observation date
Initial levels:	$129.38 for ConocoPhillips, $51.83 for Devon, $66.63 for Occidental
Coupon barrier levels:	$64.69 for ConocoPhillips, $25.92 for Devon, $33.32 for Occidental; 50% of initial levels
Downside threshold levels:	$64.69 for ConocoPhillips, $25.92 for Devon, $33.32 for Occidental; 50% of initial levels
Pricing date:	April 19
Settlement date:	April 24
Agent:	UBS Securities LLC
Selected dealer:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	90307DDG4

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