By Marisa Wong
Los Angeles, Oct. 5 – UBS AG, London Branch priced $4.52 million of 0% contingent absolute return autocallable optimization securities due Sept. 29, 2022 linked to the common stock of Kraft Heinz Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 16% per year if Kraft Heinz shares close at or above the initial share price on any quarterly observation date.
If the notes are not called and Kraft Heinz shares finish at or above the trigger price, 70% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return. Otherwise, investors will be fully exposed to the share price decline from the initial price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Contingent absolute return autocallable optimization securities
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| Underlying stock: | Kraft Heinz Co. (Symbol: KHC)
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| Amount: | $4,522,000
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| Maturity: | Sept. 29, 2022
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of stock return; otherwise, full exposure to share price decline
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| Call: | Automatically at par plus 16% per year if Kraft Heinz shares close at or above initial share price on any quarterly observation date
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| Initial price: | $29.13
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| Trigger price: | $20.39, 70% of initial price
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.5%
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| Cusip: | 90281M698
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