By Kiku Steinfeld
Chicago, April 26 – UBS AG, London Branch priced $2.5 million of trigger autocallable contingent yield notes due April 7, 2026 linked to the ConocoPhillips, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at a rate of 8.6% per year if the stock closes at or above its coupon barrier level, 60% of its initial level, on the related quarter observation date.
The notes will be called at par plus any coupon due on any quarterly observation date after one year if the stock closes above 100% of its initial level on the related observation date.
The payout at maturity will be par plus unless the stock finishes at or below the downside threshold level, 60% of the initial level, in which case investors will lose 1% for each 1% decline of the stock.
UBS Securities LLC 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: | ConocoPhillips
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Amount: | $2.5 million
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Maturity: | April 7, 2026
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Coupon: | 8.6% per year, payable quarterly if the stock closes at or above its coupon barrier on the related quarter observation date
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Price: | Par
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Payout at maturity: | Par plus final coupon unless stock finishes below downside threshold, in which case 1% loss for each 1% decline of the stock
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Call: | At par plus any coupon on any quarterly observation date after one year if stock finishes above call level on related observation date
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Initial stock level: | $54.02
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Coupon barrier level: | $32.41, 60% of initial level
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Downside threshold level: | $32.41, 60% of initial level
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Pricing date: | April 1
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Settlement date: | April 6
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 3.08%
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Cusip: | 90276BWF6
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