$18,673,860 Contingent Income Auto-Callable Securities Based on the Performance of the Common Stock of RingCentral, Inc. due November 01, 2024, priced on October 29, 2021, were issued by UBS AG London Branch. The pricing supplement for this note (CUSIP: 90285B763) can be found here. The notes had a $10 face value and paid a quarterly coupon of $0.35375, so long as the notes had not been called and and RingCentral all closed above 70% of their October 29, 2021 closing prices on a determination date. If and RingCentral closed below 70% of their October 29, 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 RingCentral all closed on the final determination date on October 29, 2024 and above 70% of their October 29, 2021 closing prices. If on October 29, 2024 and RingCentral closed below 70% of their October 29, 2021 closing prices, the notes paid reduced principal euqal to $10 multiplied by the lowest ratio of and RingCentral October 29, 2024 closing prices to their October 29, 2021 closing prices. The notes have matured. They paid one coupon totaling $0.35375 and $1.40 repayment per $10 note. Investors thus suffered capital losses of $8.60 and net losses of $8.24.† In the aggregate, investors in this note suffered $16,053,330 in capital losses and $15,392,742 in net losses. See Table 1 and Figure 1.
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