By William Gullotti
Buffalo, N.Y., Aug. 24 – UBS AG, London Branch priced $1 million of 9.8% trigger autocallable yield notes due Aug. 20, 2026 linked to the least performing of the SPDR Gold Trust, the VanEck Gold Miners ETF and the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The notes will be automatically called at par plus a fixed coupon if each ETF closes at or above its initial level on any monthly valuation date after six months.
If the notes have not been called and each ETF finishes at or above its 70% downside threshold, the payout at maturity will be par plus the final fixed coupon.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable yield notes
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| Underlying ETFs: | VanEck Gold Miners ETF, iShares Silver Trust, SPDR Gold Trust
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| Amount: | $1 million
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| Maturity: | Aug. 20, 2026
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| Coupon: | 9.8% per annum, payable monthly
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| Price: | Par
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| Payout at maturity: | If each ETF finishes at or above its downside threshold, par plus final fixed coupon; otherwise, full exposure to decline of worst performer from initial level
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| Call option: | Automatically par plus coupon if each ETF closes at or above its initial level on any monthly valuation date after six months
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| Initial levels: | $27.83 for VanEck, $175.57 for SPDR, $20.56 for iShares
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| Downside thresholds: | $19.48 for VanEck, $122.90 for SPDR, $14.39 for iShares; 70% of initial levels
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| Pricing date: | Aug. 16
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| Settlement date: | Aug. 21
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.25%
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| Cusip: | 90279GT58
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