By Taylor Fox
New York, Nov. 30 – UBS AG, London Branch priced $4.65 million of 0% trigger absolute return autocallable notes due Nov. 23, 2022 linked to the common stock of HP Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 15.71% if the stock closes at or above its initial level on any quarterly review date.
If not called, meaning the stock has finished below its initial level at maturity, and the stock finishes at or above its 70% threshold, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger absolute return autocallable notes
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| Underlying stock: | HP Inc.
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| Amount: | $4,654,000
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| Maturity: | Nov. 23, 2022
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| Coupon: | 0%
|
| Price: | Par of $10
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| Call: | At par plus 15.71% annualized premium if stock closes at or above its initial level on any quarterly review date
|
| Payout at maturity: | If not called and stock falls by up to 30%, par plus absolute return; otherwise, 1% loss per 1% decline
|
| Initial index level: | $20.45
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| Downside threshold: | $14.32, 70% of initial level
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| Pricing date: | Nov. 19
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| Settlement date: | Nov. 23
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
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| Cusip: | 90278R437
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