By William Gullotti
Buffalo, N.Y., March 28 – UBS AG, London Branch priced $1.47 million of trigger autocallable contingent yield notes with memory interest due Aug. 5, 2026 linked to the least performing of the SPDR S&P Regional Banking ETF and the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at the rate of 14.75% per year if each ETF closes at or above its coupon barrier, 70% of its initial level, on any related observation date. Contingent coupon payments will include any previously unpaid coupons.
The notes will be automatically called at par plus the coupon if the shares of each ETF close at or above initial share price on any quarterly call observation date after six months.
If the notes are not called and the final share price of each ETF is greater than or equal to the 70% downside threshold level, the payout at maturity will be par plus all unpaid coupons.
Otherwise, investors will be fully exposed to the decline of the worst performer from its initial share price.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes with memory interest
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| Underlying ETFs: | SPDR S&P Regional Banking ETF, Energy Select Sector SPDR Fund
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| Amount: | $1,472,000
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| Maturity: | Aug. 5, 2026
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| Coupon: | 14.75% per year, paid quarterly, if each ETF closes at or above its coupon barrier on any related observation date; coupon payment events will automatically include any previously unpaid coupons
|
| Price: | Par
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| Payout at maturity: | Par plus final coupon and any previously unpaid coupons if each ETF finishes at or above downside threshold; otherwise, 1% loss for every 1% decline of worst performer from initial level
|
| Call: | Automatically at par plus coupon if each ETF closes at or above initial level on any quarterly call observation date after six months
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| Initial levels: | $49.70 for Banking, $83.41 for Energy
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| Coupon barrier levels: | $34.79 for Banking, $58.39 for Energy; 70% of initial levels
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| Downside thresholds: | $34.79 for Banking, $58.39 for Energy; 70% of initial levels
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 0.14436%
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| Cusip: | 90279WL28
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