$20,238,050 Contingent Income Auto-Callable Securities Based on the Performance of the Common Stock of PayPal Holdings, Inc. due July 19, 2024, priced on July 16, 2021, were issued by UBS AG London Branch. The pricing supplement for this note (CUSIP: 90279B381) can be found here. The notes had a $10 face value and paid a quarterly coupon of $0.20875, so long as the notes had not been called and and PayPal all closed above 75% of their July 16, 2021 closing prices on a determination date. If and PayPal closed below 75% of their July 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 PayPal all closed on the final determination date on July 16, 2024 and above 75% of their July 16, 2021 closing prices. If on July 16, 2024 and PayPal closed below 75% of their July 16, 2021 closing prices, the notes paid reduced principal euqal to $10 multiplied by the lowest ratio of and PayPal July 16, 2024 closing prices to their July 16, 2021 closing prices. The notes have matured. They paid one coupon totaling $0.20875 and $2.10 repayment per $10 note. Investors thus suffered capital losses of $7.90 and net losses of $7.69.† In the aggregate, investors in this note suffered $15,992,339 in capital losses and $15,569,870 in net losses. See Table 1 and Figure 1.
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