New York, April 25 – UBS AG London Branch priced $10.68 million of contingent income autocallable securities due April 22, 2027 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.6% if the underlying stock closes at or above its 75% downside threshold on the related quarterly observation date.
The securities will be called automatically starting July 19 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the stock closes below its 75% downside threshold level in which case investors will be fully exposed to the decline of the stock.
UBS Securities LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | UBS AG London Branch
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Microsoft Corp.
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| Amount: | $10,681,000
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| Maturity: | April 22, 2027
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| Coupon: | 9.6% if the underlying stock closes at or above its 75% downside threshold on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically starting July 19 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date
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| Initial level: | $399.12
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| Downside threshold: | $299.34, 75% of initial level
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| Pricing date: | April 19
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| Settlement date: | April 24
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| Agent: | UBS Securities LLC with Morgan Stanley Wealth Management as dealer
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| Fees: | 2.25%
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| Cusip: | 90307DDS8
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