By Taylor Fox
New York, Jan. 28 – UBS AG, London Branch priced $2.97 million of 9% trigger autocallable yield notes due Jan. 25, 2024 linked to the common stock of Barrick Gold Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be called at par plus accrued interest if the shares close at or above the initial share price on any quarterly observation date after six months.
If the notes are not called, the payout at maturity will be par unless the final price of the stock is less than 65% of the initial share price, in which case investors will receive par plus the return.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable yield notes
|
| Underlying stock: | Barrick Gold Corp.
|
| Amount: | $2,972,000
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| Maturity: | Jan. 25, 2024
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| Coupon: | 9%, payable quarterly
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless final share price is less than downside threshold level, in which case par plus the return
|
| Call: | Automatically at par plus accrued interest if shares close at or above initial share price on any quarterly observation date after six months
|
| Initial share price: | $23.47
|
| Downside threshold level: | $15.26, 65% of initial price
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 27
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90278X145
|
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