By Wendy Van Sickle
Columbus, Ohio, June 6 – UBS AG, London Branch priced $1.53 million of trigger autocallable contingent yield notes due May 29, 2026 linked to the stock performance of Starbucks Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly coupon at the annual rate of 9% if the stock closes above the 53.7% coupon barrier on the related observation date.
The notes will be automatically called at par if the stock closes at or above the initial share price on any quarterly call observation date after six months.
If the notes are not called and the final share price of the stock is greater than or equal to the downside threshold level, 53.7% of the initial share price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the losses of the stock.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying stock: | Starbucks Corp.
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| Amount: | $1.53 million
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| Maturity: | May 29, 2026
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| Contingent coupon: | 9% annual rate, paid quarterly if stock closes above coupon barrier level on related observation date
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| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below downside threshold level, in which case full exposure to losses of stock
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| Call: | Automatically at par if the stock closes at or above initial level on any quarterly call observation date after six months
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| Initial level: | $98.53
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| Coupon barrier level: | $52.91, 53.7% of initial level
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| Downside threshold: | $52.91, 53.7% of initial level
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| Pricing date: | May 26
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| Settlement date: | May 31
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 2%
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| Cusip: | 90289X613
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