Chicago, Nov. 17 – UBS AG, London Branch priced $1 million of trigger autocallable contingent yield notes due March 6, 2025 linked to the common stock of Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 11% if the stock closes at or above its coupon barrier level, 60% of its initial level, on the related observation date.
The notes will be called at par plus the coupon if the stock closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par unless the stock finishes below its 60% downside threshold level, in which case investors will lose 1% for each 1% decline of the stock from its initial level
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
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| Underlying stock: | Meta Platforms, Inc.
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| Amount: | $1,000,000
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| Maturity: | March 6, 2025
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| Coupon: | 11% annual rate, payable each quarter that stock closes at or above coupon barrier on observation date for that period
|
| Price: | Par
|
| Call: | At par plus coupon if stock closes at or above initial level on any quarterly observation date after six months
|
| Payout at maturity: | Par unless stock finishes below downside threshold, in which case 1% loss for each 1% decline from initial level
|
| Initial level: | $208.11
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| Downside threshold/coupon barrier: | $124.87, 60% of initial level
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| Strike date: | March 2
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| Pricing date: | March 3
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| Settlement date: | March 7
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 2.25%
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| Cusip: | 90279DL46
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