By Wendy Van Sickle
Columbus, Ohio, June 12 – UBS AG, London Branch priced $1.36 million of trigger autocallable contingent yield notes due June 10, 2025 linked to the common stock of Union Pacific Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 9% if the stock closes at or above its coupon barrier level, 70% of its initial level, on the related observation date.
The notes will be called at par of $10 plus the coupon if the stock closes at or above its initial level on any monthly observation date after one year.
The payout at maturity will be par unless the stock finishes below its 70% downside threshold level, in which case investors will lose 1% for each 1% decline of the stock 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 contingent yield notes
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Underlying stock: | Union Pacific Corp.
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Amount: | $1,361,070
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Maturity: | June 10, 2025
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Coupon: | 9%, payable each month that stock closes at or above coupon barrier on observation date for that period
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Price: | Par of $10
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Call: | At par plus coupon if stock closes at or above initial level on any monthly observation date after one year
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Payout at maturity: | Par unless stock finishes below downside threshold, in which case 1% loss for each 1% decline from initial level
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Initial level: | $184.83
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Downside threshold/coupon barrier: | $129.38, 70% of initial level
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Pricing date: | June 5
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Settlement date: | June 10
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 90281K189
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