By Wendy Van Sickle
Columbus, Ohio, May 6 – UBS AG, London Branch priced $310,000 of trigger autocallable contingent yield notes due April 26, 2023 linked to the common stock of HubSpot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a coupon at the rate of 14% per year if the stock closes at or above its coupon barrier, 70% of its initial level, on any quarterly observation date.
The notes will be automatically called at par if the stock closes at or above its initial share price on any quarterly call observation date after six months.
If the notes are not called and the final share price is greater than or equal to the downside threshold level, 70% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
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: | HubSpot, Inc.
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Amount: | $310,000
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Maturity: | April 26, 2023
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Coupon: | 14% per year, paid quarterly, if underlying stock closes at or above its coupon barrier on related observation date
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Price: | Par
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Payout at maturity: | Par unless underlying stock finishes below downside threshold level, in which case 1% loss for each 1% decline from initial level
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Call: | Automatically at par if underlying stock closes at or above initial level on any quarterly call observation date after six months
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Initial level: | $506.53
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Coupon barrier level: | $354.57; 70% of initial level
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Downside threshold: | $354.57; 70% of initial level
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Pricing date: | April 21
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Settlement date: | April 26
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90276BYR8
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