By Wendy Van Sickle
Columbus, Ohio, Dec. 5 – UBS AG London Branch priced $4.53 million of contingent income autocallable securities due Dec. 3, 2026 linked to the common ETF of U.S. Global Jets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.25%, payable quarterly if the shares close at or above their downside threshold, 75% of the initial level, on the related observation date.
The securities will be called on any quarterly review date if the shares close at or above their initial level.
At maturity the payout will be par unless the ETF closes below its 75% downside threshold level in which case investors will be fully exposed to the decline of the ETF.
UBS Securities LLC is the agent with Morgan Stanley Smith Barney LLC as placement agent.
| Issuer: | UBS AG London Branch
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| Issue: | Contingent income autocallable securities
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| Underlying ETF: | U.S. Global Jets ETF
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| Amount: | $4,526,000
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| Maturity: | Dec. 3, 2026
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| Coupon: | 10.25%, payable quarterly if shares close above downside threshold on observation date
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| Price: | Par
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| Payout at maturity: | Par unless the ETF closes below its downside threshold level in which case investors will be fully exposed to the decline in the ETF
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| Call: | On any quarterly review date if shares close above initial level
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| Initial level: | $16.67
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| Downside threshold: | $12.50, 75% of initial level
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| Pricing date: | Nov. 28
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| Settlement date: | Dec. 1
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| Agent: | UBS Securities LLC with Morgan Stanley Smith Barney LLC as placement agent
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| Fees: | 2.25%
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| Cusip: | 90279WSL9
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