Chicago, June 8 – UBS AG London Branch priced $1.17 million of phoenix autocallable notes due Nov. 16, 2022 linked to the common stock of Qualcomm Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 12.05% if the stock closes at or above its 80% coupon barrier on a related observation date. Previously unpaid coupons will also be paid.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any quarterly call date.
The payout at maturity will be par unless the stock finishes below 80% of its initial value, in which case investors will be fully exposed to the decline of the stock.
J.P. Morgan Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG London Branch
|
| Issue: | Phoenix autocallable notes
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| Underlying stock: | Qualcomm Inc.
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| Amount: | $1,165,000
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| Maturity: | Nov. 16, 2022
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| Coupon: | 12.05% annualized, payable quarterly if stock closes at or above coupon barrier on related observation date; previously unpaid coupons will also be paid
|
| Price: | Par
|
| Payout at maturity: | Par unless stock finishes below final barrier, in which case investors will be fully exposed to decline of stock
|
| Call: | At par plus contingent coupon if stock closes at or above initial level on any quarterly call date
|
| Initial level: | $133.04
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| Coupon barrier: | $106.43, 80% of initial level
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| Final barrier: | $106.43, 80% of initial level
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| Pricing date: | Oct. 29, 2021
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| Settlement date: | Nov. 3, 2021
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| Agents: | J.P. Morgan Securities LLC and UBS Investment Bank
|
| Fees: | 1%
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| Cusip: | 90279DNE2
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