By Wendy Van Sickle
Columbus, Ohio, April 18 – UBS AG London Branch priced $37.87 million of contingent income autocallable securities with memory coupon due April 15, 2027 linked to Blackstone Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive interest at 11% per year payable quarterly if the stock closes above the downside threshold level, in which case any previously unpaid coupon will also be paid.
The securities will be called at par on a quarterly review date if the stock closes at or above its initial level.
At maturity the payout will be par unless the stock closes below its 60% downside threshold level in which case investors will be fully exposed to the decline of the stock.
UBS Securities LLC is the agent with Morgan Stanley Wealth Management as the distributor.
| Issuer: | UBS AG London Branch
|
| Issue: | Contingent income autocallable securities with memory coupon
|
| Underlying stock: | Blackstone Inc.
|
| Amount: | $37,872,000
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| Maturity: | April 15, 2027
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| Coupon: | 11% per year payable quarterly if the stock closes above the downside threshold level, plus any previously unpaid coupon
|
| Price: | Par
|
| 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: | At par on a quarterly review date if the stock closes at or above its initial level
|
| Initial level: | $123.47
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| Downside threshold: | $74.08, 60% of initial level
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| Pricing date: | April 12
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| Settlement date: | April 17
|
| Agent: | UBS Securities LLC with Morgan Stanley Wealth Management as distributor
|
| Fees: | 2.25%
|
| Cusip: | 90307DBL5
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