Chicago, Feb. 16 – UBS AG, London Branch priced $2.9 million of trigger autocallable contingent yield notes with memory coupon due May 2, 2025 linked to the common stock of Citigroup Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at the rate of 9.5% per year if the shares close at or above the coupon barrier, 60% of the initial share price, on the relevant observation date, in which case investors will also receive any previously unpaid coupons.
The notes will be automatically called at par plus the coupon if the shares close at or above the initial share price, on any quarterly observation date after six months.
If the stock finishes above the downside threshold level, 50% of the initial share price, the payout at maturity will be par plus any unpaid coupons. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
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 with memory coupon
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| Underlying stock: | Citigroup Inc.
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| Amount: | $2,903,000
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| Maturity: | May 2, 2025
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| Contingent coupon: | 9.5% annual rate, payable quarterly if stock closes at or above coupon barrier level on related observation date; coupon payment events will include previously unpaid coupons, if any
|
| Price: | Par
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| Payout at maturity: | If stock finishes at or above downside threshold, par plus unpaid coupons; otherwise, full exposure to decline of stock from initial price
|
| Call: | Automatically at par plus coupon if stock closes at or above initial level on any quarterly observation date after six months
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| Initial price: | $48.21
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| Coupon barrier: | $28.93; 60% of initial price
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| Downside threshold: | $28.93; 60% of initial price
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| Pricing date: | April 29, 2022
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| Settlement date: | May 4, 2022
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 1.5%
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| Cusip: | 90279D7S9
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