By Sarah Lizee
Olympia, Wash., Jan. 23 – UBS AG, London Branch priced $4.05 million of trigger autocallable contingent yield notes due Jan. 23, 2030 linked to the lesser performing of the MSCI Emerging Markets index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6% if each index closes at or above its coupon barrier, 70% of its initial level, on the related observation date.
The notes will be called at par plus any coupon if each index closes at or above its initial level on any quarterly observation date after one year.
The payout at maturity will be par unless either index finishes below the 60% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.
UBS Securities LLC 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 indexes: | MSCI Emerging Markets index and Euro Stoxx 50 index
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| Amount: | $4.05 million
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| Maturity: | Jan. 23, 2030
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| Coupon: | 6%, payable each quarter that each index closes at or above coupon barrier on observation date for that quarter
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| Price: | Par
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| Call: | At par plus contingent coupon if both indexes close at or above initial levels on any quarterly observation date after one year
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| Payout at maturity: | Par unless either index finishes below downside threshold, in which case 1% loss for each 1% decline of worse performing index
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| Initial levels: | 1,146.83 for EM and 3,808.26 for Stoxx
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| Coupon barriers: | 802.78 for EM and 2,665.78 for Stoxx; 70% of initial levels
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| Downside thresholds: | 688.10 for EM and 2,284.96 for Stoxx; 60% of initial levels
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| Pricing date: | Jan. 17
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| Settlement date: | Jan. 23
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| Agent: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 3.5%
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| Cusip: | 90281G287
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