New Issue: UBS sells $5.73 million trigger autocallable contingent yield notes with memory on ETF, indexes

By Wendy Van Sickle

Columbus, Ohio, Jan. 16 – UBS AG, London Branch priced $5.73 million of trigger autocallable contingent yield notes with memory interest and daily close monitoring knock-in due April 11, 2025 linked to the least performing of the VanEck Gold Miners ETF, the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at the rate of 15.55% per year if each asset closes at or above its coupon barrier, 80% of its initial level, every day that period. Contingent coupon payments will include any previously unpaid coupons.

The notes will be automatically called at par plus the coupon if the shares of each asset close at or above initial share price on any quarterly call observation date after six months.

If the notes are not called and the final share price of each asset is greater than or equal to the coupon barrier, the payout at maturity will be par plus all unpaid coupons.

If the worst performer finishes below the coupon barrier but at or above its downside threshold level, 65% of the initial share price, the payout at maturity will be par. Otherwise, investors will receive a number of shares of the worst performer equal to $1,000 divided by that asset’s initial level.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes with memory interest and daily close monitoring knock-in
Underlying assets:	VanEck Gold Miners ETF, Russell 2000 index, S&P 500 index
Amount:	$5,725,000
Maturity:	April 11, 2025
Coupon:	15.55% per year, paid monthly, if each asset closes at or above its coupon barrier every day that period; coupon payment events will automatically include any previously unpaid coupons
Price:	Par
Payout at maturity:	Par plus final coupon and any previously unpaid coupons if each asset finishes at or above coupon barrier; if the worst performer finishes below coupon barrier but at or above downside threshold, par; otherwise, full exposure to loss of least performing asset
Call:	Automatically at par plus coupon if each asset closes at or above initial level on any quarterly call observation date after six months
Initial levels:	$29.70 for Gold Miners, 1,989.006 for Russell, 4,763.54 for S&P
Coupon barrier levels:	$23.76 for Gold Miners, 1,591.205 for Russell, 3,810.83 for S&P; 80% of initial levels
Downside thresholds:	$19.31 for Gold Miners, 1,292.854 for Russell, 3,096.3 for S&P; 65% of initial levels
Pricing date:	Jan. 8
Settlement date:	Jan. 11
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	1%
Cusip:	90279WZL1

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