New Issue: UBS sells $1.22 million trigger autocallable contingent yield notes with memory on stocks

By Kiku Steinfeld

Chicago, March 24 – UBS AG, London Branch priced $1.22 million of trigger autocallable contingent yield notes with memory interest due Sept. 26, 2024 linked to the common stocks of Moderna, Inc., Roku, Inc. and Square, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 18% if each stock closes at or above its coupon barrier level, 60% of its initial level, on the related monthly observation date, in which case any previously unpaid coupons will also be paid.

The notes will be called at par plus the coupon and any previously unpaid coupons if each stock closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par plus any previously unpaid coupons unless any stock finishes below its 50% downside threshold level, in which case investors will lose 1% for each 1% decline of the lesser performing stock from its initial level.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes
Underlying stocks:	Moderna, Inc., Roku, Inc. and Square, Inc.
Amount:	$1,224,000
Maturity:	Sept. 26, 2024
Coupon:	18%, payable each month that each stock closes at or above coupon barrier on observation date for that month, in which case any previously unpaid coupons will also be paid
Price:	Par
Call:	At par plus coupon and any previously unpaid coupons if each stock closes at or above initial level on any quarterly observation date after six months
Payout at maturity:	Par plus any previously unpaid coupons unless any stock finishes below downside threshold, in which case 1% loss for each 1% decline of lesser performing stock from initial level
Initial levels:	$434.04 for Moderna, $319 for Roku, $251.30 for Square
Coupon barriers:	$260.42 for Moderna, $191.40 for Roku, $150.78 for Square; 60% of initial levels
Downside thresholds:	$217.02 for Moderna, $159.50 for Roku, $125.65 for Square; 50% of initial levels
Pricing date:	Sept. 21
Settlement date:	Sept. 24
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	1.25%
Cusip:	90279DGP5

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