Chicago, Oct. 28 – UBS AG, London Branch priced $605,000 of trigger autocallable contingent yield notes due March 5, 2025 linked to the common stock of Coterra Energy Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarterly, the notes will pay a coupon at the rate of 15% per year if the stock closes at or above its coupon barrier, 65% of its initial level, on any related observation date.
The notes will be automatically called at par plus the coupon if the stock closes at or above its initial level on any quarterly call observation date.
If the notes are not called and the final share price is greater than or equal to the downside threshold level, 65% of the initial share price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the losses of the stock.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
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| Underlying stock: | Coterra Energy Inc.
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| Amount: | $605,000
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| Maturity: | March 5, 2025
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| Coupon: | 15% per year, paid quarterly, if the stock closes at or above its coupon barrier on any related observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below downside threshold level, in which case full exposure to losses of stock
|
| Call: | Automatically at par plus coupon if the stock closes at or above the initial level on any quarterly call observation date
|
| Initial level: | $23.33
|
| Coupon barrier level: | $15.16; 65% of initial level
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| Downside threshold: | $15.16; 65% of initial level
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| Pricing date: | Feb. 28
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| Settlement date: | March 3
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 3%
|
| Cusip: | 90279DE93
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