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Published on 12/22/2021 in the Prospect News Structured Products Daily.

New Issue: UBS prices $5.78 million trigger autocallable contingent yield notes on three stocks

By Wendy Van Sickle

Columbus, Ohio, Dec. 22 – UBS AG, London Branch priced $5.78 million of trigger autocallable contingent yield notes due Dec. 3, 2026 linked to the least performing of the stocks of Tesla, Inc., Amazon.com, Inc. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at the rate of 18% per year if each stock closes at or above its coupon barrier, 50% of its initial level, on the corresponding observation date.

The notes will be automatically called at par plus coupon if the shares of each stock closes at or above its initial share price on any monthly call observation date after three months.

If the notes are not called and the final share price of each stock is greater than or equal to the downside threshold level, 50% of the initial share price, the payout at maturity will be par plus the final coupon. Otherwise, investors will be fully exposed to the loss of the laggard stock.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:UBS AG, London Branch
Issue:Trigger autocallable contingent yield notes
Underlying stocks:Tesla, Inc.,Amazon.com, Inc., Apple Inc.
Amount:$5,778,000
Maturity:Dec. 3, 2026
Coupon:18% per year, paid monthly, if each stock closes at or above its coupon barrier on the related observation date
Price:Par
Payout at maturity:Par plus final coupon unless any stock finishes below downside threshold level, in which case full exposure to loss
Call:Automatically at par plus coupon if each stock closes at or above initial level on any monthly call observation date after three months
Initial levels:$1,144.76 for Tesla, $3,507.07 for Amazon.com, $165.30 for Apple
Coupon barrier levels:$572.38 for Tesla, $1,753.54 for Amazon.com, $82.65 for Apple; 50% of initial levels
Downside thresholds:$572.38 for Tesla, $1,753.54 for Amazon.com, $82.65 for Apple; 50% of initial levels
Pricing date:Nov. 30
Settlement date:Dec. 3
Agents:UBS Securities LLC and UBS Investment Bank
Fees:1%
Cusip:90279DPK6

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