New Issue: UBS prices $2.72 million trigger autocallable contingent yield notes on four stocks

By Wendy Van Sickle

Columbus, Ohio, April 28 – UBS AG, London Branch priced $2.72 million of trigger autocallable contingent yield notes due April 27, 2027 linked to the least performing of the common stocks of DocuSign, Inc., Paycom Software, Inc., Apple Inc. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a coupon at the rate of 23.25% per year if each stock closes at or above its coupon barrier, 50% of its initial level, on any related observation date.

The notes will be automatically called at par if the shares of each stock close 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 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. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than 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
Underlying stocks:	DocuSign, Inc., Paycom Software, Inc., Apple Inc., Tesla, Inc.
Amount:	$2,715,000
Maturity:	April 27, 2027
Coupon:	23.25% per year, paid quarterly, if each stock closes at or above its coupon barrier on any related observation date
Price:	Par
Payout at maturity:	Par unless any stock finishes below downside threshold level, in which case 1% loss for each 1% decline of laggard stock from initial level
Call:	Automatically at par if each stock closes at or above initial level on any quarterly call observation date after six months
Initial levels:	$86.33 for DocuSign, $295.97 for Paycom, $167.79 for Apple, $1,005.05 for Tesla
Coupon barrier levels:	$43.17 for DocuSign, $147.99 for Paycom, $80.90 for Apple, $502.53 for Tesla; 50% of initial levels
Downside thresholds:	$43.17 for DocuSign, $147.99 for Paycom, $80.90 for Apple, $502.53 for Tesla; 50% of initial levels
Pricing date:	April 22
Settlement date:	April 27
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	4%
Cusip:	90279D4S2

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