New Issue: UBS prices $9.1 million trigger callable contingent yield notes linked to S&P

By Wendy Van Sickle

Columbus, Ohio, April 16 – UBS AG, London Branch priced $9.1 million of trigger callable contingent yield notes due April 16, 2026 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly contingent coupon at an annual rate of 7.6% if the index’s closing level is at least 70% of its initial level on the corresponding observation date.

The notes will be callable at par on any monthly observation date after 12 months.

If the index finishes above its 70% trigger level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the index’s final level is below its initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger callable contingent yield notes
Underlying index:	S&P 500 index
Amount:	$9,102,000
Maturity:	April 16, 2026
Coupon:	7.6% per year, payable monthly if the index closes at or above its coupon barrier on the relevant observation date
Price:	Par
Payout at maturity:	Par plus the final coupon if index finishes at or above trigger level; otherwise, full exposure to losses
Call option:	At par on any monthly observation date after 12 months
Initial level:	5,123.41
Coupon barrier level:	3,586.39; 70% of initial level
Trigger level:	3,586.39; 70% of initial level
Pricing date:	April 12
Settlement date:	April 17
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	0.25%
Cusip:	90307DCG5

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