New Issue: UBS prices $750,000 trigger callable contingent yield notes on three stocks

By Kiku Steinfeld

Chicago, June 13 – UBS AG, London Branch priced $750,000 of trigger callable contingent yield notes due Nov. 21, 2024 linked to the worst performing of the stocks of Walt Disney Co., DocuSign, Inc. and United Parcel Service, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at an annual rate of 16.5% if each stock’s closing level is at least 70% of its initial level on the observation date for that month.

The notes will be callable at par on any quarterly observation date other than the final one.

If the notes are not called and each stock finishes at or above its 60% trigger level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing stock’s final level is below its initial level, payable in shares of that stock or in cash at the option of the issuer.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger callable contingent yield notes
Underlying stocks:	Walt Disney Co., DocuSign, Inc. and United Parcel Service, Inc.
Amount:	$750,000
Maturity:	Nov. 21, 2024
Coupon:	16.5% per year, payable monthly if each stock closes at or above its coupon barrier level on the observation date for that month
Price:	Par
Payout at maturity:	Par unless any stock finishes below its trigger level, in which case full exposure to the losses of the worst performing stock, payable in shares of that stock or cash at option of the issuer
Call option:	At par on any quarterly observation date other than the final date
Initial levels:	$155.58 for Disney, $264.18 for DocuSign, $207.47 for UPS
Coupon barrier levels:	$108.91 for Disney, $184.93 for DocuSign, $145.23 for UPS; 70% of initial levels
Trigger levels:	$93.35 for Disney, $158.51 for DocuSign, $124.48 for UPS; 60% of initial levels
Equity ratios:	6.4276 for Disney, 3.7853 for DocuSign, 4.8200 for UPS
Pricing date:	Nov. 19, 2021
Settlement date:	Nov. 24, 2021
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.7%
Cusip:	90279DQL3

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