By William Gullotti
Buffalo, N.Y., Oct. 27 – UBS AG London Branch priced $3.78 million of 0% bearish barrier early redeemable market-linked notes with daily barrier observation and digital return due Feb. 24, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes below the barrier, 80% of the initial index level, on any trading day during the life of the notes, the notes will be automatically redeemed at par.
If the notes are not automatically redeemed and the index return is greater than or equal to zero, the payout at maturity will be par plus 9.05%.
If the index return is less than zero, the payout will be par plus 75% of the absolute value of the index return.
UBS Investment Bank and UBS Financial Services Inc. are the agents.
| Issuer: | UBS AG London Branch
|
| Issue: | Bearish barrier early redeemable market-linked notes with daily barrier observation and digital return
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| Underlying index: | S&P 500 index
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| Amount: | $3.78 million
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| Maturity: | Feb. 24, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not automatically redeemed and the index return is greater than or equal to zero, par plus 9.05%; if the index return is less than zero, par plus 75% of the absolute value of the index return
|
| Call: | Automatically at par if index closes below barrier, 80% of initial index level, on any trading day during life of notes
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| Initial level: | 4,278.0
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| Barrier: | 3,422.4; 80% of initial level
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| Pricing date: | Oct. 19
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| Settlement date: | Oct. 24
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| Agents: | UBS Investment Bank and UBS Financial Services Inc.
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| Fees: | 0.4%
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| Cusip: | 90279WKY9
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