UBS AG is offering $786,000 of Phoenix Autocallable Notes with Memory Interest linked to IREN Limited common stock and due October 6, 2027. Investors face contingent payments, possible early Redemption and unsecured exposure, while UBS says fees and pricing factors may reduce economic value and affect secondary-market prices.

Key Highlights

  • J.P. Morgan Securities LLC and UBS Investment Bank are serving as Placement agents for the notes.
  • Certain Fiduciary accounts may purchase the securities for $990.00 per $1,000 principal amount.
  • UBS says the offering involves conflicts of interest under FINRA Rule 5121.

UBS AG is offering $786,000 of Phoenix Autocallable Notes with Memory Interest tied to the common stock of IREN Limited (NASDAQ: IREN). The notes mature on October 6, 2027, and are structured as unsubordinated, unsecured obligations of UBS AG. Their payments and redemption depend on the performance of the underlying stock.

Contingent Payments and Automatic Calls

Each note can pay contingent interest on an interest payment date when IREN Limited’s closing stock price reaches or exceeds the stated interest barrier on an observation date. Any unpaid contingent interest can be carried forward and paid later if the condition is met. A missed condition means no contingent interest for that payment date. UBS AG will automatically call the notes early when the applicable closing-price condition is satisfied.

Pricing, Fees and Valuation Conditions

The public issue price is $1,000 per note. The Underwriting discount is $10.00 per $1,000 principal amount, producing total underwriting discounts of $7,860 and proceeds to UBS of $778,140. UBS says the issue price exceeds the estimated initial value because it includes underwriting, hedging, issuance and other costs, as well as projected profits. The estimated initial value is theoretical, and any secondary-market price may differ materially.