By Wendy Van Sickle
Columbus, Ohio, March 29 – UBS AG London Branch priced $1.93 million of buffer autocallable contingent yield notes with memory interest due March 24, 2026 linked to the lesser performing of the SPDR S&P Regional Banking ETF and the Industrial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 6.25% if each asset closes at or above its 75% coupon barrier on the review date for that quarter.
The notes will be called at par if each asset closes at or above its initial level on any quarterly call review date after 12 months.
The payout at maturity will be par unless either asset finishes below its 80% downside threshold, in which case investors will be exposed to any losses of the worse performing asset.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Buffer autocallable contingent yield notes
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| Underlying assets: | SPDR S&P Regional Banking ETF and Industrial Select Sector SPDR fund
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| Amount: | $1,925,000
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| Maturity: | March 24, 2026
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| Coupon: | 6.25%, payable monthly if each asset closes at or above coupon barrier on observation date
|
| Price: | Par
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| Call: | Notes will be called at par if each asset closes at or above its initial level on any quarterly call review date after 12 months
|
| Payout at maturity: | Par unless either asset closes below downside threshold level, in which case 1% loss for each 1% decline of lesser performing asset
|
| Initial levels: | $69.55 for Regional Banking, $96.47 for Industrial
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| Coupon barriers: | $52.16 for Regional Banking, $72.35 for Industrial; 75% of initial levels
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| Downside thresholds: | $55.64 for Regional Banking, $77.18 for oil; 80% of initial levels
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| Pricing date: | March 19
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| Settlement date: | March 24
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.75%
|
| Cusip: | 90276BUC5
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