By Wendy Van Sickle
Columbus, Ohio, Feb. 14 – UBS AG, London Branch priced $1.4 million of trigger callable contingent yield notes due July 18, 2024 linked to the stock performance of ON Semiconductor Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 17.45% if the stock’s closing level is at least 75% of its initial level on the corresponding observation date.
The notes will be callable at par plus any coupon otherwise due on the first quarterly observation date.
If the notes are not called and the stock finishes at or above its 75% trigger level, the payout at maturity will be par plus the final coupon. Otherwise, investors will have full exposure to loss.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger callable contingent yield notes
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| Underlying stock: | ON Semiconductor Corp.
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| Amount: | $1.4 million
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| Maturity: | July 18, 2024
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| Coupon: | 17.45% per year, payable quarterly if the stock closes at or above its coupon barrier level on the relevant observation date
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| Price: | Par
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| Payout at maturity: | Par plus final coupon unless the stock finishes below its trigger level, in which case full exposure to loss
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| Call option: | At par plus any coupon otherwise due on first quarterly observation date
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| Initial level: | $80.80
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| Coupon barrier level: | $60.60; 75% of initial level
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| Trigger level: | $60.60; 75% of initial level
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| Pricing date: | Feb. 9
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| Settlement date: | Feb. 14
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 0.5%
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| Cusip: | 90279W3V4
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