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Published on 4/15/2024 in the Prospect News Structured Products Daily.

New Issue: UBS prices $7.24 million contingent income autocallable securities on Charles Schwab

By Wendy Van Sickle

Columbus, Ohio, April 15 – UBS AG, London Branch priced $7.24 million of contingent income autocallable securities due Oct. 14, 2027 linked to the common stock of Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10.1% if the stock closes at or above its 65% coupon barrier on the corresponding observation date.

The notes will be called at par plus the contingent coupon if the shares close at or above the initial share price on any quarterly determination date.

If the final share price is greater than or equal to the downside threshold level, 65% of initial level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will be exposed to the stock’s decline from its initial share price.

UBS Securities LLC is the agent and Morgan Stanley Wealth Management is the dealer.

Issuer:UBS AG, London Branch
Issue:Contingent income autocallable securities
Underlying stock:Charles Schwab Corp.
Amount:$7,238,000
Maturity:Oct. 14, 2027
Coupon:10.1% per year, payable quarterly if shares close at or above coupon barrier level on the relevant observation date
Price:Par
Payout at maturity:Par plus the final coupon unless stock finishes below downside threshold level, in which case investors will be exposed to the stock’s decline from its initial share price
Call:At par plus contingent coupon if shares close at or above initial share price on any quarterly determination date
Initial share price:$72.28
Coupon barrier:$46.98; 65% of initial share price
Downside threshold:$46.98; 65% of initial share price
Pricing date:April 9
Settlement date:April 12
Agent:UBS Securities LLC
Dealer:Morgan Stanley Wealth Management
Fees:2.25%
Cusip:90307DCH3

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