By Wendy Van Sickle
Columbus, Ohio, Nov. 16 – UBS AG, London Branch priced $10 million of 12.2% buffered income autocallable securities with downside leverage due Nov. 17, 2021 linked to the common stock of Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if the shares close at or above the initial share price on any monthly determination date other than the final determination date.
If the final share price is greater than or equal to the downside threshold level, 60% of the initial level, the payout at maturity will be par. Otherwise, investors will receive a number of shares of the stock equal to $1,000 divided by the downside threshold level.
UBS Securities LLC is the agent and Morgan Stanley Wealth Management is the dealer.
| Issuer: | UBS AG, London Branch
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| Issue: | Buffered income autocallable securities with downside leverage
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| Underlying stock: | Wynn Resorts, Ltd.
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| Amount: | $10 million
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| Maturity: | Nov. 17, 2021
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| Coupon: | 12.2% per year, payable monthly
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| Price: | Par of $1,000
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| Payout at maturity: | If final share price is greater than or equal to downside threshold, par; otherwise, 18.1719 shares per note
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| Call: | At par if shares close at or above initial share price on any monthly determination date other than final determination date
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| Initial share price: | $91.71
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| Downside threshold: | $55.03, 60% of initial share price
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| Strike date: | Nov. 11
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| Pricing date: | Nov. 12
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| Settlement date: | Nov. 17
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| Agent: | UBS Securities LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 0.2%
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| Cusip: | 90276BLD3
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