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Published on 9/2/2021 in the Prospect News Structured Products Daily.

New Issue: UBS prices $9.6 million contingent income autocalls on salesforce.com

By Wendy Van Sickle

Columbus, Ohio, Sept. 2 – UBS AG, London Branch priced $9.6 million of contingent income autocallable securities due June 21, 2024 linked to the common stock of salesforce.com, inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at an annual rate of 9% if the stock finishes above its 80% coupon barrier on the corresponding observation date.

The notes will be called at par of $10 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, 80% 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:salesforce.com, inc.
Amount:$9,597,990
Maturity:June 21, 2024
Coupon:9% per year, payable quarterly if shares close at or above coupon barrier level on the relevant observation date
Price:Par of $10
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:$242.78
Coupon barrier:$194.22; 80% of initial share price
Downside threshold:$194.22; 80% of initial share price
Pricing date:June 18
Settlement date:June 23
Agent:UBS Securities LLC
Dealer:Morgan Stanley Wealth Management
Fees:2.5%
Cusip:90279B100

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