By Wendy Van Sickle
Columbus, Ohio, Dec. 13 – UBS AG, London Branch priced $12.45 million of contingent income autocallable securities due Dec. 4, 2026 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10.1% if the stock closes at or above its 75% coupon barrier on every trading day during the observation period.
The notes will be called at par plus any contingent coupon otherwise due if the shares close at or above the initial share price on any quarterly determination date.
If the final share price is greater than or equal to the downside threshold level, 75% of initial level, the payout at maturity will be par.
Otherwise, investors will be exposed to the stock’s decline from its initial share price.
UBS Securities LLC is the agent and Morgan Stanley Wealth Management is the dealer.
| Issuer: | UBS AG, London Branch
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Walt Disney Co.
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| Amount: | $12,453,000
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| Maturity: | Dec. 4, 2026
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| Coupon: | 10.1% per year, payable quarterly if shares close at or above coupon barrier level on every trading day during the observation period
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below downside threshold level, in which case investors will be exposed to the stock’s decline from its initial share price
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| Call: | At par plus any contingent coupon otherwise due if shares close at or above initial share price on any quarterly determination date
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| Initial share price: | $92.58
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| Coupon barrier: | $69.44, 75% of initial level
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| Downside threshold: | $69.44, 75% of initial level
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| Pricing date: | Dec. 1
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| Settlement date: | Dec. 6
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| Agent: | UBS Securities LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25%
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| Cusip: | 90279WST2
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