By Wendy Van Sickle
Columbus, Ohio, Feb. 3 – UBS AG, London Branch priced $2 million of trigger callable contingent yield notes due Jan. 30, 2025 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 11% if the index’s closing level is at least 75% of its initial level on the corresponding observation date.
The notes will be callable at par plus any coupon otherwise due on any quarterly call observation date.
If the notes are not called and the index finishes at or above its 70% trigger level, the payout at maturity will be par plus the final coupon, if any. Otherwise, investors will be fully exposed to the loss.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger callable contingent yield notes
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| Underlying index: | Nasdaq-100 index
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| Amount: | $2 million
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| Maturity: | Jan. 30, 2025
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| Coupon: | 11% per year, payable monthly if the index closes at or above its coupon barrier level on the relevant observation date
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| Price: | Par
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| Payout at maturity: | Par plus final coupon, if any, unless the index finishes below its trigger level, in which case investors will be fully exposed to the loss
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| Call option: | At par plus any coupon otherwise due on any quarterly call observation date
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| Initial level: | 14,509.58
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| Coupon barrier level: | 10,882.19; 75% of initial level
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| Trigger level: | 10,156.71; 70% of initial level
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 28
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 0.6%
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| Cusip: | 90279DWK8
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