$9,491,250 Contingent Income Auto-Callable Securities Based on the Performance of the Common Stock of Meta Platforms, Inc. due November 17, 2022, priced on November 12, 2021, were issued by UBS AG London Branch. The pricing supplement for this note (CUSIP: 90285B847) can be found here. The notes had a $10 face value and paid a quarterly coupon of $0.2625, so long as the notes had not been called and and Facebook all closed above 75% of their November 12, 2021 closing prices on a determination date. If and Facebook closed below 75% of their November 12, 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 Facebook all closed on the final determination date on November 14, 2022 and above 75% of their November 12, 2021 closing prices. If on November 14, 2022 and Facebook closed below 75% of their November 12, 2021 closing prices, the notes paid reduced principal euqal to $10 multiplied by the lowest ratio of and Facebook November 14, 2022 closing prices to their November 12, 2021 closing prices. The notes have matured. They didn't pay any coupon and $3.35 repayment per $10 note. Investors thus suffered capital losses of $6.65 and net losses of $6.65.† In the aggregate, investors in this note suffered $6,311,073 in capital losses and $6,311,073 in net losses. See Table 1 and Figure 1.
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