New Issue: UBS sells $9.81 million trigger autocallable contingent yield notes on stock basket

By Wendy Van Sickle

Columbus, Ohio, Oct. 26 – UBS AG, London Branch priced $9.81 million of trigger autocallable contingent yield notes due Oct. 25, 2024 linked to an equally weighted basket of 10 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Arista Networks, Inc., CrowdStrike Holdings, Inc., CyberArk Software Ltd., DocuSign, Inc., Fortinet, Inc., Global Payments Inc., Mastercard Inc., Palo Alto Networks, Inc., Synchrony Financial and VMware, Inc.

The notes will pay a contingent quarterly coupon at an annualized rate of 7.5% if the basket closes at or above its 75% coupon barrier on the related quarterly observation date.

The notes will be called at par plus coupon if the basket closes at or above the initial basket level on any quarterly observation date after six months.

If the notes are not called, the payout at maturity will be par unless the final price of the basket is less than the 75% downside threshold, in which case investors will be fully exposed to the basket decline from its initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes
Underlying stocks:	Arista Networks, Inc., CrowdStrike Holdings, Inc., CyberArk Software Ltd., DocuSign, Inc., Fortinet, Inc., Global Payments Inc., Mastercard Inc., Palo Alto Networks, Inc., Synchrony Financial and VMware, Inc.; each with a 10% weight
Amount:	$9,812,630
Maturity:	Oct. 25, 2024
Coupon:	7.5% annualized, payable each quarter that basket closes at or above coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless final basket level is less than downside threshold, in which case full exposure to losses
Call:	Automatically at par plus coupon if basket closes at or above initial share price on any quarterly observation date after six months
Initial share price:	$390.52 for Arista, $183.75 for CyberArk Software, $283.39 for CrowdStrike, $274.73 for DocuSign, $335.29 for Fortinet, $158.00 for Global Payments, $358.67 for Mastercard, $504.13 for Palo Alto, $49.19 for Synchrony Financial, $167.06 for VMware
Coupon barrier:	75% of initial level
Downside threshold:	75% of initial level
Pricing date:	Oct. 22
Settlement date:	Oct. 27
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	2%
Cusip:	90285B706

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