By Wendy Van Sickle
Columbus, Ohio, March 29 – UBS AG, London Branch priced $2.01 million of trigger autocallable contingent yield notes due March 23, 2022 linked to the common stock of Raytheon Technologies Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 11.06% per year if Raytheon shares close at or above the downside threshold level, 80% of the initial share price, on the observation date for that quarter.
The notes will be automatically called at par if Raytheon shares close at or above the initial share price on any quarterly observation date after six months.
If the notes are not called and the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par. Otherwise, investors will receive 12.8304 shares per $1,000 note.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying stock: | Raytheon Technologies Corp.
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| Amount: | $2.01 million
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| Maturity: | March 23, 2022
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| Contingent coupon: | 11.06%, payable quarterly if stock closes at or above downside threshold on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below downside threshold level, in which case 12.8304 shares per $1,000 note
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| Call: | At par if stock closes at or above initial level on any quarterly observation date after six months
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| Initial price: | $77.94
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| Downside threshold: | $62.35, 80% of initial price
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| Pricing date: | March 18
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| Settlement date: | March 23
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.5%
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| Cusip: | 90278X764
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