By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – UBS AG, London Branch priced $8.53 million of 0% capped in-gears due Oct. 6, 2027 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level will be the average of the index’s closing levels on each day during the period from and including Jan. 3 to and including April 1. The final index level will be the average of the index’s closing levels on each day during the period from and including July 6, 2027 to and including Oct. 1, 2027.
At maturity, if the index’s return is greater than or equal to 55%, the payout will be par plus 91.4%.
If the index return is greater than or equal to 27% but less than 55%, the payout will be par plus 1.9593 times the excess of the return over 27% plus 36.5%.
If the index return is greater than or equal to negative 9% but less than 27%, the payout will be par plus 1.015 times the difference between the return and negative 9%.
If the index return is greater than or equal to negative 29% but less than negative 9%, investors will lose 1.45% for every 1% loss beyond 9%
If the index finishes below its 74% downside threshold, investors will lose 1% for every 1% decline in the index from its initial level.
Barclays is the agent with UBS Financial Services Inc. as selling agent.
| Issuer: | UBS AG, London Branch
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| Issue: | Capped in-gears
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| Underlying index: | Dow Jones industrial average
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| Amount: | $8,532,000
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| Maturity: | Oct. 6, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is greater than or equal to 55%, par plus 91.4%; if index return is greater than or equal to 27% but less than 55%, par plus 1.9593 times the excess of the return over 27% plus 36.5%; if index return is greater than or equal to negative 9% but less than 27%, par plus 1.015 times difference between the return and negative 9%; if index return is greater than or equal to negative 29% but less than negative 9%, investors will lose 1.45% for every 1% decline beyond 9%; otherwise, full exposure to loss if index falls by more than 26%
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| Initial index level: | Average of closing levels on each day during period from and including Jan. 3 to and including April 1
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| Final level: | Average of closing levels on each day during the period from and including July 6, 2027 to and including Oct. 1, 2027
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| Pricing date: | Jan. 4
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| Settlement date: | Jan. 7
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| Agent: | Barclays with UBS Financial Services Inc. as selling agent
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| Fees: | 0.25%
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| Cusip: | 90285D611
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