New York, Jan. 9 – UBS AG London Branch priced $12.48 million of contingent income autocallable securities due Dec. 11, 2026 linked to the common stock of Blackstone Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a quarterly coupon at an annual rate of 10.2% if the stock closes above its 55% downside threshold on the related determination date.
The securities will be called starting March 13, 2024 at par if the stock closes above its initial level and similarly on any subsequent quarterly review date.
At maturity the payout will be par unless the stock closes below its 55% downside threshold level in which case investors will be fully exposed to the decline of the stock.
UBS Securities AG is the agent and Morgan Stanley Wealth Management is the distributor.
| Issuer: | UBS AG London Branch
|
| Issue: | Contingent income autocallable securities
|
| Underlying stock: | Blackstone Inc. (Ticker: BX)
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| Amount: | $12,475,000
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| Maturity: | Dec. 11, 2026
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| Coupon: | 10.2%, payable quarterly if stock closes above its downside threshold on related determination date
|
| Price: | Par
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| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the stock
|
| Call: | Starting March 13, 2024 and on any subsequent quarterly review date at par if the stock closes above its initial level
|
| Initial level: | $112.57
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| Downside threshold: | $61.91, 55% of initial level
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 13
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| Agent: | UBS Securities AG
|
| Distributor: | Morgan Stanley Wealth Management
|
| Fees: | 2.25% including 0.5% structuring fee
|
| Cusip: | 90279WUA0
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