By Sarah Lizee
Olympia, Wash., April 28 – UBS AG, London Branch priced $1 million of trigger autocallable contingent yield notes due April 24, 2025 linked to the common stock of Gilead Sciences, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 9.5% if the stock closes at or above its coupon barrier level, 60% of its initial level, on the related observation date.
The notes will be called at par of $10 plus the coupon if the stock closes at or above its initial level on any monthly observation date after one year.
The payout at maturity will be par unless the stock finishes below its 60% downside threshold level, in which case investors will lose 1% for each 1% decline of the stock from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
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| Underlying stock: | Gilead Sciences, Inc.
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| Amount: | $1 million
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| Maturity: | April 24, 2025
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| Coupon: | 9.5%, payable each month that stock closes at or above coupon barrier on observation date for that period
|
| Price: | Par of $10
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| Call: | At par plus coupon if stock closes at or above initial level on any monthly observation date after one year
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| Payout at maturity: | Par unless stock finishes below downside threshold, in which case 1% loss for each 1% decline from initial level
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| Initial level: | $78.53
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| Downside threshold/coupon barrier: | $47.12, 60% of initial level
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| Pricing date: | April 21
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| Settlement date: | April 24
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3.35%
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| Cusip: | 90276BBR3
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