By Wendy Van Sickle
Columbus, Ohio, June 7 – UBS AG, London Branch priced $2.01 million of 0% trigger autocallable notes due May 15, 2026 linked to the least performing of the stocks of Snowflake Inc. and Palantir Technologies Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an 32.5% annualized premium if each stock closes at or above its initial level on any semiannual observation date.
If the notes are not called, the payout at maturity will be par unless any stock finishes below its 50% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing stock.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable notes
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| Underlying stocks: | Snowflake Inc. and Palantir Technologies Inc.
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| Amount: | $2.01 million
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| Maturity: | May 15, 2026
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 32.5% annualized premium if all stocks close at or above initial levels on any semiannual observation date
|
| Payout at maturity: | Par unless any stock finishes below downside threshold, in which case 1% loss for each 1% decline of worst performing stock
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| Initial levels: | $18.89 for Palantir, $191.38 for Snowflake
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| Downside thresholds: | $9.45 for Palantir, $95.69 for Snowflake; 50% of initial levels
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| Pricing date: | May 12
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| Settlement date: | May 17
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| Agent: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 0.75%
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| Cusip: | 90276BF57
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