Chicago, Sept. 18 – UBS AG, London Branch priced $750,000 of trigger callable contingent yield notes due March 11, 2026 linked to the stock performance of V.F. Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon equivalent to an annual rate of 15% if the stock’s closing level is at least 50% of its initial level on the corresponding observation date.
The notes will be callable at par plus any coupon otherwise due on any quarterly observation date starting after six months.
If the notes are not called and the stock finishes at or above its 50% trigger level, the payout at maturity will be par plus the final coupon.
Otherwise, investors will be fully exposed to the stock’s decline from its initial level.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger callable contingent yield notes
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| Underlying stock: | V.F. Corp.
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| Amount: | $750,000
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| Maturity: | March 11, 2026
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| Coupon: | 15% per annum, payable quarterly if the stock closes at or above its coupon barrier level on the relevant observation date
|
| Price: | Par
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| Payout at maturity: | Par plus final coupon unless the stock finishes below its trigger level, in which case investors will be fully exposed to the stock’s decline from initial level
|
| Call option: | At par plus any coupon otherwise due on any quarterly observation date starting after six months
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| Initial level: | $24.85
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| Coupon barrier level: | $12.43; 50% of initial level
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| Trigger level: | $12.43; 50% of initial level
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| Pricing date: | March 6, 2023
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| Settlement date: | March 9, 2023
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 0.9%
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| Cusip: | 90279F5S6
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