UBS AG has set preliminary terms for trigger autocallable contingent Yield notes linked to the Solactive U.S. Large Cap Volatility Navigator Index, with a $1,000.00 public issue price per note. Investors would take exposure to UBS AG’s unsecured obligations and an index-linked structure whose value can be affected by market and Credit factors.

Key Highlights

  • UBS Securities LLC will receive a $2.50 Underwriting discount for each note sold.
  • UBS Securities LLC may pay an unaffiliated dealer a $20.00 Marketing fee per note.
  • UBS Securities LLC’s affiliation with UBS AG creates a conflict of interest under FINRA Rule 5121.

UBS AG will sell all of the notes to its affiliate UBS Securities LLC at the public issue price less the underwriting discount, while UBS Securities LLC intends to resell them to third-party dealers at a reduction equal to that discount. UBS Securities LLC will receive $2.50 per note as underwriting compensation, leaving proceeds to UBS AG of $997.50 per note sold.

Investor Insights

The notes’ value can be influenced by the index and its constituents, volatility, interest rates, geopolitical and economic conditions, regulatory or judicial events, UBS AG’s creditworthiness and the prevailing bid-ask spread.