Chicago, April 23 – UBS AG, London Branch priced $383,000 of trigger autocallable contingent yield notes with memory interest due July 30, 2026 linked to the least performing of the SPDR S&P Regional Banking ETF and the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at the rate of 13% per year if each ETF closes at or above its coupon barrier, 70% of its initial level, on the related observation date. Previously unpaid coupons will also be paid.
The notes will be automatically called at par plus a coupon if the shares of each ETF close at or above its initial share price on any quarterly call observation date after six months.
If the notes are not called and the final share price of each ETF is greater than or equal to the downside threshold level, 70% of the initial share price, the payout at maturity will be par plus any final coupon.
Otherwise, investors will be fully exposed to the losses of the laggard ETF.
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 with memory interest
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Underlying ETFs: | SPDR S&P Regional Banking ETF and Energy Select Sector SPDR Fund
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Amount: | $383,000
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Maturity: | July 30, 2026
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Coupon: | 13% annual rate, paid quarterly, if each ETF closes at or above its coupon barrier on any related observation date; previously unpaid coupons will also be paid
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Price: | Par
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Payout at maturity: | Par plus any final coupon unless any ETF finishes below downside threshold level, in which case full exposure to loss of laggard ETF
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Call: | Automatically at par plus coupon if each ETF closes at or above initial level on any quarterly call observation date after six months
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Initial levels: | $52.13 for banking, $84.25 for energy
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Coupon barrier levels: | $36.49 for banking, $58.98 for energy; 70% of initial levels
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Downside thresholds: | $36.49 for banking, $58.98 for energy; 70% of initial levels
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 2.25%
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Cusip: | 90279WK94
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