By Kiku Steinfeld
Chicago, Nov. 14 – UBS AG London Branch priced $261,000 of contingent income autocallable securities due March 14, 2025 linked to the iShares MSCI Brazil ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a quarterly coupon of 10.25% per year if the fund closes at or above 60% on any quarterly review date.
The securities will be called starting June 13 at par and on any subsequent quarterly review date if the ETF finishes at or above its initial level.
At maturity the payout will be par unless the fund closes below its 60% downside threshold level in which case investors will be fully exposed to the decline of the fund.
UBS Financial Services Inc. and UBS Investment Bank are the agents with Morgan Stanley Wealth Management handling distribution.
| Issuer: | UBS AG London Branch
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| Issue: | Contingent income autocallable securities
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| Underlying fund: | iShares MSCI Brazil ETF
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| Amount: | $261,000
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| Maturity: | March 14, 2025
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| Coupon: | Quarterly coupon of 10.25% per year if the fund closes at or above 60% on any quarterly review date
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| Price: | Par of $10
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| Payout at maturity: | Par unless the fund closes below its downside threshold level in which case investors will be fully exposed to the decline in the fund
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| Call: | Starting June 13 at par and on any subsequent quarterly review date if the ETF finishes at or above its initial level
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| Initial level: | $33.37
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| Downside threshold: | $20.02, 60% of initial level
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| Pricing date: | March 11
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| Settlement date: | March 16
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.5%
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| Cusip: | 90290V515
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