By Susanna Moon
Chicago, Jan. 28 – UBS AG, London Branch priced $15.45 million of contingent income autocallable securities due Jan. 27, 2022 linked to the worst performing index of the Euro Stoxx 50 index, the MSCI Emerging Markets index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 12% if each index closes at or above its 75% coupon barrier level on the observation date for that quarter.
The notes will be redeemed at par plus the contingent payment if each index closes at or above the initial level on any determination date other than the final date.
The payout at maturity will be par plus the final coupon unless any index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
UBS Securities LLC is the agent with Morgan Stanley Wealth Management as distributor.
| Issuer: | UBS AG, London Branch
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| Issue: | Contingent income autocallable securities
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| Underlying indexes: | Euro Stoxx 50 index, MSCI Emerging Markets index and Russell 2000 index
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| Amount: | $15,445,280
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| Maturity: | Jan. 27, 2022
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| Coupon: | 12% annualized for each quarter that each index closes at or above its 75% coupon barrier level on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus final coupon unless any index finishes below its 50% trigger level, in which case exposure to any losses of the worst performing index
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| Call: | At par plus contingent payment if each index closes at or above initial level on any determination date other than the final date
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| Initial levels: | 3,382.55 for Euro Stoxx, 990.89 for MSCI Emerging Markets and 1,188.928 for Russell
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| Coupon barriers: | 75% of initial levels
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| Trigger levels: | 50% of initial levels
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 28
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| Agent: | UBS Securities LLC with Morgan Stanley Wealth Management
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| Fees: | 3.5%
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| Cusip: | 90274F635
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