UBS AG is Marketing $1,000.00 trigger autocallable notes linked to the least-performing shares of FedEx and Microsoft, with contingent Yield and memory interest. Investors face an estimated initial value below the issue price, while any secondary-market price may differ materially and UBS affiliates may stop making a market.

Key Highlights

  • The notes are scheduled to mature on or about October 11, 2029.
  • Distribution is prohibited to retail investors in the European Economic Area.
  • UBS identifies a conflict of interest under FINRA Rule 5121 in the offering.

UBS AG is marketing trigger autocallable notes priced at $1,000 each, with contingent yield and memory interest. The securities are linked to the least-performing common stock among FedEx Corporation (NYSE: FDX) and Microsoft Corporation (NASDAQ: MSFT), giving investors exposure to the weaker performer under the notes’ structure.

UBS Notes Combine Equity Links With Issuer

Credit Risk The notes are unsubordinated, unsecured obligations of UBS AG. They are not bank deposits and do not carry insurance from the Federal Deposit Insurance Corporation or another government agency. The public price is $1,000 per note. UBS Securities LLC will purchase the securities at a discount reflecting a $20.00 Underwriting discount, leaving $980.00 per note as proceeds to UBS AG. The estimated initial value will be calculated using UBS internal pricing models and set out in the final pricing supplement. The source terms state that this value will be below the issue price because the price incorporates underwriting, hedging, issuance and other costs, along with projected profits. The models consider the underlying stocks’ levels and volatility, expected dividends, correlation, interest rates, the notes’ term and UBS’s internal funding rate.