UBS AG is offering $12,357,000 ($12.4 million) of trigger autocallable contingent-yield notes linked to the least-performing Amazon.com and Goldman Sachs common stocks, due September 27, 2029. Investors face unsecured UBS exposure, and the notes’ estimated initial value is below the $1,000 issue price.

Key Highlights

  • The notes are linked to the least-performing common stock of Amazon.com, Inc. and The Goldman Sachs Group, Inc.
  • The notes mature on September 27, 2029 and include a memory interest feature for previously unpaid contingent coupons.
  • The public issue price is $1,000 per note, while UBS’s estimated initial value is below that price.

UBS AG is offering $12,357,000 ($12.4 million) of trigger autocallable contingent-yield notes linked to the least-performing common stock of Amazon.com, Inc. (NASDAQ: AMZN) and The Goldman Sachs Group, Inc. The notes mature on September 27, 2029 and include a memory interest feature that can carry previously unpaid contingent coupons to a later payment date.

The notes are unsubordinated and unsecured obligations of UBS AG. Their contingent coupon depends on the closing level of each underlying stock meeting the conditions set for the relevant observation date, while the memory feature covers previously unpaid contingent coupons. The public offering price is $12,357,000 in total, or $1,000 per note. UBS Securities LLC receives an aggregate Underwriting discount of $247,140, equal to $20.00 per note, leaving UBS AG with proceeds of $12,109,860, or $980.00 per note. UBS Securities LLC has agreed to purchase the notes at the public price less the underwriting discount and sell them to Citigroup Global Markets Inc. at a corresponding discount. The offering carries a conflict of interest under FINRA Rule 5121 because UBS Securities LLC is an affiliate involved in the distribution and UBS AG receives the net proceeds excluding the underwriting discount. UBS Securities LLC cannot sell the notes to an account over which it has discretionary authority without specific written approval from that account holder. The notes are not intended for retail investors in the European Economic Area. Their Market Value before Maturity can be affected by the underlying stock levels, volatility, expected dividends, correlation, interest rates, UBS creditworthiness and other stated market factors.