By Angela McDaniels
Tacoma, Wash., Dec. 7 – UBS AG, London Branch priced $400,000 of trigger autocallable contingent yield notes due April 3, 2025 linked to the common stock of Moderna, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Every six months, the notes will pay a contingent coupon at the rate of 16.45% per year if Moderna shares close at or above the downside threshold level, 50% of the initial share price, on the observation date for that semiannual period.
The notes will be automatically called at par of $10 if Moderna shares close at or above the initial share price on any semiannual observation date.
If the notes are not called and the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
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| Underlying stock: | Moderna, Inc.
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| Amount: | $400,000
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| Maturity: | April 3, 2025
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| Coupon: | 16.45% per year, payable every six months if Moderna shares close at or above downside threshold level on observation date for that semiannual period
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and final share price is greater than or equal to downside threshold level, par; otherwise, 1% loss for every 1% that final share price is less than initial share price
|
| Call: | Automatically at par if Moderna shares close at or above initial share price on any semiannual observation date
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| Initial share price: | $148.80
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| Downside threshold: | $74.40, 50% of initial share price
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| Strike date: | March 29
|
| Pricing date: | March 30
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| Settlement date: | April 3
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.75%
|
| Cusip: | 90289X142
|
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