$15,042,630 Contingent Income Auto-Callable Securities Based on the Performance of the Common Stock of Intel Corporation due April 19, 2024, priced on April 16, 2021, were issued by UBS AG London Branch. The pricing supplement for this note (CUSIP: 90278Y200) can be found here. The notes had a $10 face value and paid a quarterly coupon of $0.2275, so long as the notes had not been called and and Intel all closed above 75% of their April 16, 2021 closing prices on a determination date. If and Intel closed below 75% of their April 16, 2021 closing prices on a determination date, the notes did not pay a coupon. If not previously called, at maturity, the notes returned $10 in principal if and Intel all closed on the final determination date on April 16, 2024 and above 75% of their April 16, 2021 closing prices. If on April 16, 2024 and Intel closed below 75% of their April 16, 2021 closing prices, the notes paid reduced principal euqal to $10 multiplied by the lowest ratio of and Intel April 16, 2024 closing prices to their April 16, 2021 closing prices. The notes have matured. They paid four coupons totaling $0.6825 and $5.60 repayment per $10 note. Investors thus suffered capital losses of $4.40 and net losses of $3.72.† In the aggregate, investors in this note suffered $6,618,757 in capital losses and $5,592,098 in net losses. See Table 1 and Figure 1.
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