[Form 4] MSC Industrial Direct Co., Inc. Insider Trading Activity

Q: What is the contingent coupon rate on the UBS Trigger Autocallable Notes?

The notes pay a contingent 8.90% per-annum coupon ($7.4167 monthly) only when all three indices are at least 70% of their initial levels on the observation date.

Q: How much principal protection do investors have?

Principal is protected only if, at maturity, each index remains at or above 70% of its initial level. A breach by any single index results in losses matching the worst index’s decline.

Q: What is the estimated initial value versus the issue price?

UBS estimates the initial economic value at $968.30 per $1,000 , about 3.17% below the $1,000 issue price, reflecting dealer fees and funding costs.

Q: Are the notes listed on an exchange?

No. The notes will not be listed ; any liquidity depends on UBS Securities LLC’s discretionary market-making.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

UBS AG is offering $500,000 of Trigger Autocallable Contingent Yield Notes maturing 12 January 2028. The unsecured notes are linked to the least-performing of three major U.S. equity indices—the Nasdaq-100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX)—and expose investors to both UBS credit risk and index performance risk.

Key commercial terms

Principal: $1,000 per Note (CUSIP 90309KBD5; ISIN US90309KBD54); total size $500k.
Strike date 7 Jul 2025; trade date 9 Jul 2025; maturity 12 Jan 2028 (≈2.5 years).
Contingent coupon: 8.90% p.a. (monthly accrual of $7.4167) paid only when the closing level of each index ≥ 70% of its initial level (coupon barrier) on the relevant observation date.
Automatic call: from July 2026 onward, if on any monthly observation date each index ≥ 100% of its initial level, investors receive principal + current coupon and the note terminates early.
Downside protection: At maturity, full principal is repaid only if each index ≥ 70% of its initial level. If any index closes below its 70% downside threshold, repayment equals principal × (1 + lowest index return), exposing investors to losses parallel to the worst-performing index, up to 100% of capital.
Estimated initial value: $968.30 per $1,000, reflecting dealer spread (0.5%), hedging and funding adjustments.

Risk highlights

Credit risk of UBS AG (senior unsecured).
Potential loss of all principal if the least-performing index falls >30% and no automatic call occurs.
No guarantee of any coupon; payments depend on the worst index on each monthly date.
No listing; secondary market liquidity depends on UBS Securities LLC’s discretionary market-making.
Investment exposes holders to small-cap volatility (RTY), tech concentration (NDX) and overall U.S. market risk (SPX).

Investor profile: suitable only for investors who (1) understand structured equity-linked debt, (2) can tolerate equity-like downside, (3) are comfortable with UBS credit exposure, and (4) seek enhanced income with the possibility of early redemption but limited upside.

UBS AG offre 500.000 $ di Note Contingenti a Rendimento Autocallable con Scadenza il 12 gennaio 2028. Le note non garantite sono collegate al peggior rendimento tra tre principali indici azionari statunitensi: Nasdaq-100 (NDX), Russell 2000 (RTY) e S&P 500 (SPX), esponendo gli investitori sia al rischio di credito UBS sia al rischio legato alla performance degli indici.

Termini commerciali principali

Capitale: 1.000 $ per Nota (CUSIP 90309KBD5; ISIN US90309KBD54); dimensione totale 500.000 $.
Data di strike 7 luglio 2025; data di negoziazione 9 luglio 2025; scadenza 12 gennaio 2028 (circa 2,5 anni).
Coupon contingente: 8,90% annuo (accrual mensile di 7,4167 $), pagato solo se il livello di chiusura di ciascun indice è ≥ 70% del livello iniziale (barriera coupon) nella data di osservazione rilevante.
Chiamata automatica: da luglio 2026 in poi, se in una qualsiasi data di osservazione mensile ciascun indice è ≥ 100% del livello iniziale, gli investitori ricevono il capitale più il coupon corrente e la nota si estingue anticipatamente.
Protezione al ribasso: alla scadenza, il capitale è rimborsato integralmente solo se ciascun indice è ≥ 70% del livello iniziale. Se un indice chiude sotto la soglia del 70%, il rimborso sarà pari a capitale × (1 + rendimento dell'indice peggiore), esponendo gli investitori a perdite proporzionali all'indice peggiore, fino al 100% del capitale.
Valore iniziale stimato: 968,30 $ per ogni 1.000 $, riflettendo spread dealer (0,5%), coperture e aggiustamenti di funding.

Rischi principali

Rischio di credito di UBS AG (senior unsecured).
Possibile perdita totale del capitale se l'indice peggiore scende oltre il 30% e non si verifica chiamata automatica.
Assenza di garanzia sul coupon; i pagamenti dipendono dall’indice peggiore in ogni data mensile.
Non quotata; la liquidità sul mercato secondario dipende dal market making discrezionale di UBS Securities LLC.
L’investimento espone a volatilità di small cap (RTY), concentrazione tecnologica (NDX) e rischio complessivo del mercato USA (SPX).

Profilo dell’investitore: adatto solo a chi (1) comprende il debito strutturato legato a azioni, (2) tollera ribassi simili a quelli azionari, (3) accetta l’esposizione al credito UBS e (4) cerca un reddito incrementato con possibilità di rimborso anticipato ma con upside limitato.

UBS AG ofrece 500.000 $ en Notas Contingentes de Rendimiento Autollamables con vencimiento el 12 de enero de 2028. Las notas no garantizadas están vinculadas al rendimiento más bajo de tres importantes índices bursátiles estadounidenses: Nasdaq-100 (NDX), Russell 2000 (RTY) y S&P 500 (SPX), exponiendo a los inversores tanto al riesgo crediticio de UBS como al riesgo de desempeño de los índices.

Términos comerciales clave

Principal: 1.000 $ por Nota (CUSIP 90309KBD5; ISIN US90309KBD54); tamaño total 500.000 $.
Fecha de strike 7 de julio de 2025; fecha de negociación 9 de julio de 2025; vencimiento 12 de enero de 2028 (aprox. 2,5 años).
Cupon contingente: 8,90% anual (acumulación mensual de 7,4167 $), pagado solo cuando el nivel de cierre de cada índice sea ≥ 70% de su nivel inicial (barrera del cupón) en la fecha de observación correspondiente.
Llamada automática: desde julio de 2026 en adelante, si en cualquier fecha de observación mensual cada índice es ≥ 100% de su nivel inicial, los inversores reciben el principal más el cupón actual y la nota termina anticipadamente.
Protección a la baja: al vencimiento, se devuelve el principal completo solo si cada índice es ≥ 70% de su nivel inicial. Si algún índice cierra por debajo del umbral del 70%, el reembolso será igual a principal × (1 + el rendimiento del índice más bajo), exponiendo a los inversores a pérdidas equivalentes al índice con peor desempeño, hasta el 100% del capital.
Valor inicial estimado: 968,30 $ por cada 1.000 $, reflejando spread del dealer (0,5%), coberturas y ajustes de financiamiento.

Aspectos de riesgo

Riesgo crediticio de UBS AG (senior unsecured).
Pérdida potencial total del principal si el índice con peor desempeño cae más del 30% y no ocurre llamada automática.
No hay garantía de cupón; los pagos dependen del índice más bajo en cada fecha mensual.
No cotiza; la liquidez en el mercado secundario depende de la creación de mercado discrecional de UBS Securities LLC.
La inversión expone a volatilidad de small caps (RTY), concentración tecnológica (NDX) y riesgo general del mercado estadounidense (SPX).

Perfil del inversor: adecuado solo para inversores que (1) entienden deuda estructurada vinculada a acciones, (2) pueden tolerar pérdidas similares a las de acciones, (3) están cómodos con la exposición crediticia a UBS y (4) buscan ingresos mejorados con posibilidad de redención anticipada pero con potencial limitado de ganancia.

UBS AG는 2028년 1월 12일 만기인 트리거 자동상환 조건부 수익 노트 500,000달러를 제공합니다. 이 무담보 노트는 미국 주요 주가지수 세 개 중 최저 성과를 기록한 지수인 나스닥-100(NDX), 러셀 2000(RTY), S&P 500(SPX)과 연동되며, 투자자는 UBS 신용 위험과 지수 성과 위험에 노출됩니다.

주요 상업 조건

원금: 노트당 1,000달러 (CUSIP 90309KBD5; ISIN US90309KBD54); 총 규모 50만 달러.
스트라이크 날짜 2025년 7월 7일; 거래일 2025년 7월 9일; 만기 2028년 1월 12일 (약 2.5년).
조건부 쿠폰: 연 8.90% (월별 누적 7.4167달러), 관찰일에 각 지수의 종가가 초기 수준의 70% 이상일 때만 지급 (쿠폰 장벽).
자동 상환: 2026년 7월부터 매월 관찰일에 각 지수가 초기 수준의 100% 이상이면 투자자는 원금과 현재 쿠폰을 받고 조기 상환됨.
하방 보호: 만기 시 각 지수가 초기 수준의 70% 이상일 경우 원금 전액 상환. 어느 한 지수가 70% 미만으로 마감하면 상환금은 원금 × (1 + 최저 지수 수익률)로, 최저 성과 지수에 따라 최대 100% 원금 손실 가능.
추정 초기 가치: 1,000달러당 968.30달러, 딜러 스프레드(0.5%), 헤징 및 자금 조달 조정 반영.

위험 요약

UBS AG의 신용 위험 (선순위 무담보).
최저 성과 지수가 30% 이상 하락하고 자동 상환이 발생하지 않을 경우 원금 전액 손실 가능성.
쿠폰 지급 보장 없음; 매월 최저 지수에 따라 지급 여부 결정.
상장되지 않음; 2차 시장 유동성은 UBS Securities LLC의 재량에 따른 시장 조성에 의존.
투자는 스몰캡 변동성(RTY), 기술 집중도(NDX), 미국 시장 전반 위험(SPX)에 노출됨.

투자자 프로필: (1) 구조화 주식 연계 채무를 이해하고, (2) 주식과 유사한 하락 위험을 감내하며, (3) UBS 신용 노출에 편안함을 느끼고, (4) 조기 상환 가능성과 제한된 상승 잠재력을 가진 고수익을 추구하는 투자자에게 적합합니다.

UBS AG propose 500 000 $ de Notes à Rendement Conditionnel Autocallables arrivant à échéance le 12 janvier 2028. Ces titres non garantis sont liés à la moins bonne performance de trois principaux indices boursiers américains : le Nasdaq-100 (NDX), le Russell 2000 (RTY) et le S&P 500 (SPX), exposant les investisseurs au risque de crédit UBS ainsi qu’au risque de performance des indices.

Principaux termes commerciaux

Capital : 1 000 $ par Note (CUSIP 90309KBD5 ; ISIN US90309KBD54) ; montant total 500 000 $.
Date de strike : 7 juillet 2025 ; date de transaction : 9 juillet 2025 ; échéance : 12 janvier 2028 (environ 2,5 ans).
Coupon conditionnel : 8,90 % par an (acquisition mensuelle de 7,4167 $), versé uniquement si le niveau de clôture de chaque indice est ≥ 70 % de son niveau initial (barrière du coupon) à la date d’observation concernée.
Rappel automatique : à partir de juillet 2026, si à une date d’observation mensuelle chaque indice est ≥ 100 % de son niveau initial, les investisseurs reçoivent le capital plus le coupon courant et la note est remboursée de manière anticipée.
Protection à la baisse : à l’échéance, le capital est remboursé intégralement uniquement si chaque indice est ≥ 70 % de son niveau initial. Si un indice clôture en dessous du seuil de 70 %, le remboursement est égal au capital × (1 + le rendement de l’indice le plus faible), exposant les investisseurs à des pertes proportionnelles à l’indice le moins performant, jusqu’à 100 % du capital.
Valeur initiale estimée : 968,30 $ pour 1 000 $, reflétant le spread du teneur de marché (0,5 %), la couverture et les ajustements de financement.

Points clés de risque

Risque de crédit d’UBS AG (senior unsecured).
Perte potentielle totale du capital si l’indice le moins performant chute de plus de 30 % et qu’aucun rappel automatique ne se produit.
Aucune garantie de coupon ; les paiements dépendent de l’indice le plus faible à chaque date mensuelle.
Non coté ; la liquidité du marché secondaire dépend du market making discrétionnaire d’UBS Securities LLC.
L’investissement expose à la volatilité des petites capitalisations (RTY), à la concentration technologique (NDX) et au risque global du marché américain (SPX).

Profil investisseur : adapté uniquement aux investisseurs qui (1) comprennent la dette structurée liée aux actions, (2) tolèrent un risque de baisse similaire à celui des actions, (3) sont à l’aise avec l’exposition au crédit UBS et (4) recherchent un revenu amélioré avec une possibilité de remboursement anticipé mais un potentiel de hausse limité.

UBS AG bietet 500.000 $ an Trigger-Autocallable Contingent Yield Notes mit Fälligkeit am 12. Januar 2028 an. Die unbesicherten Notes sind an den schlechtesten von drei großen US-Aktienindizes gekoppelt – Nasdaq-100 (NDX), Russell 2000 (RTY) und S&P 500 (SPX) – und setzen Investoren sowohl dem UBS-Kreditrisiko als auch dem Indexperformance-Risiko aus.

Wesentliche kommerzielle Bedingungen

Nennwert: 1.000 $ pro Note (CUSIP 90309KBD5; ISIN US90309KBD54); Gesamtvolumen 500.000 $.
Strike-Datum 7. Juli 2025; Handelsdatum 9. Juli 2025; Laufzeit bis 12. Januar 2028 (ca. 2,5 Jahre).
Bedingter Kupon: 8,90 % p.a. (monatliche Akkumulation von 7,4167 $), zahlbar nur, wenn der Schlusskurs von jedem Index am jeweiligen Beobachtungstag ≥ 70 % seines Anfangsniveaus (Kuponbarriere) liegt.
Automatische Rückzahlung: Ab Juli 2026, wenn an einem monatlichen Beobachtungstag jeder Index ≥ 100 % seines Anfangsniveaus liegt, erhalten Investoren den Nennwert plus aktuellen Kupon und die Note endet vorzeitig.
Abwärtschutz: Bei Fälligkeit wird der volle Nennwert nur zurückgezahlt, wenn jeder Index ≥ 70 % seines Anfangsniveaus liegt. Schließt ein Index unter der 70 %-Schwelle, erfolgt die Rückzahlung als Nennwert × (1 + niedrigste Indexrendite), wodurch Investoren Verluste entsprechend dem schlechtesten Index bis zu 100 % des Kapitals ausgesetzt sind.
Geschätzter Anfangswert: 968,30 $ pro 1.000 $, inklusive Händler-Spread (0,5 %), Hedging- und Finanzierungsanpassungen.

Risikohighlights

Kreditrisiko von UBS AG (Senior Unsecured).
Potentieller Totalverlust des Kapitals, falls der schlechteste Index um mehr als 30 % fällt und keine automatische Rückzahlung erfolgt.
Keine Kupongarantie; Zahlungen hängen vom schlechtesten Index an jedem monatlichen Beobachtungstag ab.
Keine Börsennotierung; Liquidität am Sekundärmarkt hängt vom diskretionären Market Making der UBS Securities LLC ab.
Investition beinhaltet Small-Cap-Volatilität (RTY), Technologiekonzentration (NDX) und allgemeines US-Marktrisiko (SPX).

Investorenprofil: Geeignet nur für Investoren, die (1) strukturierte aktiengebundene Schuldinstrumente verstehen, (2) aktienähnliche Abwärtsrisiken tolerieren, (3) mit der UBS-Kreditexposition vertraut sind und (4) ein erhöhtes Einkommen mit der Möglichkeit einer vorzeitigen Rückzahlung, aber begrenztem Aufwärtspotenzial suchen.

Positive

8.90% contingent annual coupon significantly exceeds prevailing short-dated bond yields, offering enhanced income if conditions are met.
Automatic call feature allows early return of capital plus coupon after 12 months if all indices are at or above initial levels, shortening duration in bullish scenarios.
70% downside threshold provides partial buffer against moderate market declines before capital is at risk.

Negative

Full downside exposure beyond −30%: if any index finishes below 70% of initial level, investors suffer proportional loss of principal up to 100%.
No guaranteed coupons; payments stop whenever any index closes below its 70% barrier on an observation date.
Credit risk: payments rely on UBS AG; estimated initial value (96.83% of face) indicates an immediate economic discount to investors.
Liquidity and valuation risk: notes are unlisted; secondary prices may be well below par and include dealer markdowns.

Insights

TL;DR: High 8.9% coupon but 30% buffer; capital loss if any index breaches barrier; unsecured UBS credit.

The note offers a competitive headline yield versus 2.5-year Treasuries, but the protection is thin: a 30% drop in any index triggers linear loss of principal. Historical drawdowns show RTY exceeded −30% six times since 2000, highlighting tail risk. Automatic call at 100% requires all three indices to be flat or higher after one year—an optimistic scenario given small-cap cyclicality. With an estimated value of 96.83% of face, buyers pay a 3.17-point premium for distribution costs. From a risk-adjusted standpoint, the structure suits tactical income seekers who can monitor equity trends and who rate UBS credit as acceptable (A-/A3). Liquidity is limited; exit pricing will likely reflect model value, not par.

TL;DR: Product is equity-beta with first-loss position; limited diversification gains.

Because payoff depends on the least-performing index, diversification benefits are muted. Correlation among NDX, SPX, and RTY averaged 0.71 the past decade; during stress episodes correlations rise, increasing the probability that all three decline together and coupons cease. The 70% barrier aligns with a one-standard-deviation move for RTY over a 2.5-year horizon—meaning breach probability is material (~23% by Black-Scholes approximation). Investors effectively insure UBS against moderate market drops in exchange for contingent income. The asymmetric payoff skews expected return downward once credit risk and funding spread are deducted. Impact: neutral; suitable as a small tactical sleeve, not core holding.

Termini commerciali principali

Capitale: 1.000 $ per Nota (CUSIP 90309KBD5; ISIN US90309KBD54); dimensione totale 500.000 $.
Data di strike 7 luglio 2025; data di negoziazione 9 luglio 2025; scadenza 12 gennaio 2028 (circa 2,5 anni).
Coupon contingente: 8,90% annuo (accrual mensile di 7,4167 $), pagato solo se il livello di chiusura di ciascun indice è ≥ 70% del livello iniziale (barriera coupon) nella data di osservazione rilevante.
Chiamata automatica: da luglio 2026 in poi, se in una qualsiasi data di osservazione mensile ciascun indice è ≥ 100% del livello iniziale, gli investitori ricevono il capitale più il coupon corrente e la nota si estingue anticipatamente.
Protezione al ribasso: alla scadenza, il capitale è rimborsato integralmente solo se ciascun indice è ≥ 70% del livello iniziale. Se un indice chiude sotto la soglia del 70%, il rimborso sarà pari a capitale × (1 + rendimento dell'indice peggiore), esponendo gli investitori a perdite proporzionali all'indice peggiore, fino al 100% del capitale.
Valore iniziale stimato: 968,30 $ per ogni 1.000 $, riflettendo spread dealer (0,5%), coperture e aggiustamenti di funding.

Rischi principali

Rischio di credito di UBS AG (senior unsecured).
Possibile perdita totale del capitale se l'indice peggiore scende oltre il 30% e non si verifica chiamata automatica.
Assenza di garanzia sul coupon; i pagamenti dipendono dall’indice peggiore in ogni data mensile.
Non quotata; la liquidità sul mercato secondario dipende dal market making discrezionale di UBS Securities LLC.
L’investimento espone a volatilità di small cap (RTY), concentrazione tecnologica (NDX) e rischio complessivo del mercato USA (SPX).

Términos comerciales clave

Principal: 1.000 $ por Nota (CUSIP 90309KBD5; ISIN US90309KBD54); tamaño total 500.000 $.
Fecha de strike 7 de julio de 2025; fecha de negociación 9 de julio de 2025; vencimiento 12 de enero de 2028 (aprox. 2,5 años).
Cupon contingente: 8,90% anual (acumulación mensual de 7,4167 $), pagado solo cuando el nivel de cierre de cada índice sea ≥ 70% de su nivel inicial (barrera del cupón) en la fecha de observación correspondiente.
Llamada automática: desde julio de 2026 en adelante, si en cualquier fecha de observación mensual cada índice es ≥ 100% de su nivel inicial, los inversores reciben el principal más el cupón actual y la nota termina anticipadamente.
Protección a la baja: al vencimiento, se devuelve el principal completo solo si cada índice es ≥ 70% de su nivel inicial. Si algún índice cierra por debajo del umbral del 70%, el reembolso será igual a principal × (1 + el rendimiento del índice más bajo), exponiendo a los inversores a pérdidas equivalentes al índice con peor desempeño, hasta el 100% del capital.
Valor inicial estimado: 968,30 $ por cada 1.000 $, reflejando spread del dealer (0,5%), coberturas y ajustes de financiamiento.

Aspectos de riesgo

Riesgo crediticio de UBS AG (senior unsecured).
Pérdida potencial total del principal si el índice con peor desempeño cae más del 30% y no ocurre llamada automática.
No hay garantía de cupón; los pagos dependen del índice más bajo en cada fecha mensual.
No cotiza; la liquidez en el mercado secundario depende de la creación de mercado discrecional de UBS Securities LLC.
La inversión expone a volatilidad de small caps (RTY), concentración tecnológica (NDX) y riesgo general del mercado estadounidense (SPX).

주요 상업 조건

원금: 노트당 1,000달러 (CUSIP 90309KBD5; ISIN US90309KBD54); 총 규모 50만 달러.
스트라이크 날짜 2025년 7월 7일; 거래일 2025년 7월 9일; 만기 2028년 1월 12일 (약 2.5년).
조건부 쿠폰: 연 8.90% (월별 누적 7.4167달러), 관찰일에 각 지수의 종가가 초기 수준의 70% 이상일 때만 지급 (쿠폰 장벽).
자동 상환: 2026년 7월부터 매월 관찰일에 각 지수가 초기 수준의 100% 이상이면 투자자는 원금과 현재 쿠폰을 받고 조기 상환됨.
하방 보호: 만기 시 각 지수가 초기 수준의 70% 이상일 경우 원금 전액 상환. 어느 한 지수가 70% 미만으로 마감하면 상환금은 원금 × (1 + 최저 지수 수익률)로, 최저 성과 지수에 따라 최대 100% 원금 손실 가능.
추정 초기 가치: 1,000달러당 968.30달러, 딜러 스프레드(0.5%), 헤징 및 자금 조달 조정 반영.

위험 요약

UBS AG의 신용 위험 (선순위 무담보).
최저 성과 지수가 30% 이상 하락하고 자동 상환이 발생하지 않을 경우 원금 전액 손실 가능성.
쿠폰 지급 보장 없음; 매월 최저 지수에 따라 지급 여부 결정.
상장되지 않음; 2차 시장 유동성은 UBS Securities LLC의 재량에 따른 시장 조성에 의존.
투자는 스몰캡 변동성(RTY), 기술 집중도(NDX), 미국 시장 전반 위험(SPX)에 노출됨.

Principaux termes commerciaux

Capital : 1 000 $ par Note (CUSIP 90309KBD5 ; ISIN US90309KBD54) ; montant total 500 000 $.
Date de strike : 7 juillet 2025 ; date de transaction : 9 juillet 2025 ; échéance : 12 janvier 2028 (environ 2,5 ans).
Coupon conditionnel : 8,90 % par an (acquisition mensuelle de 7,4167 $), versé uniquement si le niveau de clôture de chaque indice est ≥ 70 % de son niveau initial (barrière du coupon) à la date d’observation concernée.
Rappel automatique : à partir de juillet 2026, si à une date d’observation mensuelle chaque indice est ≥ 100 % de son niveau initial, les investisseurs reçoivent le capital plus le coupon courant et la note est remboursée de manière anticipée.
Protection à la baisse : à l’échéance, le capital est remboursé intégralement uniquement si chaque indice est ≥ 70 % de son niveau initial. Si un indice clôture en dessous du seuil de 70 %, le remboursement est égal au capital × (1 + le rendement de l’indice le plus faible), exposant les investisseurs à des pertes proportionnelles à l’indice le moins performant, jusqu’à 100 % du capital.
Valeur initiale estimée : 968,30 $ pour 1 000 $, reflétant le spread du teneur de marché (0,5 %), la couverture et les ajustements de financement.

Points clés de risque

Risque de crédit d’UBS AG (senior unsecured).
Perte potentielle totale du capital si l’indice le moins performant chute de plus de 30 % et qu’aucun rappel automatique ne se produit.
Aucune garantie de coupon ; les paiements dépendent de l’indice le plus faible à chaque date mensuelle.
Non coté ; la liquidité du marché secondaire dépend du market making discrétionnaire d’UBS Securities LLC.
L’investissement expose à la volatilité des petites capitalisations (RTY), à la concentration technologique (NDX) et au risque global du marché américain (SPX).

Wesentliche kommerzielle Bedingungen

Nennwert: 1.000 $ pro Note (CUSIP 90309KBD5; ISIN US90309KBD54); Gesamtvolumen 500.000 $.
Strike-Datum 7. Juli 2025; Handelsdatum 9. Juli 2025; Laufzeit bis 12. Januar 2028 (ca. 2,5 Jahre).
Bedingter Kupon: 8,90 % p.a. (monatliche Akkumulation von 7,4167 $), zahlbar nur, wenn der Schlusskurs von jedem Index am jeweiligen Beobachtungstag ≥ 70 % seines Anfangsniveaus (Kuponbarriere) liegt.
Automatische Rückzahlung: Ab Juli 2026, wenn an einem monatlichen Beobachtungstag jeder Index ≥ 100 % seines Anfangsniveaus liegt, erhalten Investoren den Nennwert plus aktuellen Kupon und die Note endet vorzeitig.
Abwärtschutz: Bei Fälligkeit wird der volle Nennwert nur zurückgezahlt, wenn jeder Index ≥ 70 % seines Anfangsniveaus liegt. Schließt ein Index unter der 70 %-Schwelle, erfolgt die Rückzahlung als Nennwert × (1 + niedrigste Indexrendite), wodurch Investoren Verluste entsprechend dem schlechtesten Index bis zu 100 % des Kapitals ausgesetzt sind.
Geschätzter Anfangswert: 968,30 $ pro 1.000 $, inklusive Händler-Spread (0,5 %), Hedging- und Finanzierungsanpassungen.

Risikohighlights

Kreditrisiko von UBS AG (Senior Unsecured).
Potentieller Totalverlust des Kapitals, falls der schlechteste Index um mehr als 30 % fällt und keine automatische Rückzahlung erfolgt.
Keine Kupongarantie; Zahlungen hängen vom schlechtesten Index an jedem monatlichen Beobachtungstag ab.
Keine Börsennotierung; Liquidität am Sekundärmarkt hängt vom diskretionären Market Making der UBS Securities LLC ab.
Investition beinhaltet Small-Cap-Volatilität (RTY), Technologiekonzentration (NDX) und allgemeines US-Marktrisiko (SPX).

07/10/2025 - 10:44 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shacklett Kimberly

(Last)

(First)

(Middle)

C/O MSC INDUSTRIAL DIRECT CO., INC.

515 BROADHOLLOW ROAD

(Street)

MELVILLE

11747

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MSC INDUSTRIAL DIRECT CO INC [ MSM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, Sales & Customer Success

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock, $0.001 par value	07/09/2025		M		2,129	A	$83.21	16,786	D
Class A Common Stock, $0.001 par value	07/09/2025		S		2,129	D	$90.6	14,657	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Options (right to buy)⁽¹⁾	$83.21	07/09/2025		M			2,129	⁽²⁾	10/16/2025	Class A Common Stock, $0.001 par value	2,129	$0	0	D

Explanation of Responses:

1. Represents options to purchase the Issuer's Class A Common Stock, $0.001 par value ("Common Stock").

2. An option to purchase 4,259 shares of the Issuer's Common Stock was issued on October 17, 2018 to the Reporting Person under the Issuer's 2015 Omnibus Incentive Plan. 1,064 shares of Common Stock became exercisable on October 17, 2019, and 1,065 shares of Common Stock became exercisable on each of October 17, 2020, October 17, 2021 and October 17, 2022.

Remarks:

The transaction reported in this Form 4 was made pursuant to a 10b5-1 plan adopted by the Reporting Person on April 9, 2025.

	/s/ Kimberly Shacklett	07/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What is the contingent coupon rate on the UBS Trigger Autocallable Notes?

The notes pay a contingent 8.90% per-annum coupon ($7.4167 monthly) only when all three indices are at least 70% of their initial levels on the observation date.

When can the notes be automatically called by UBS?

Starting July 2026, if on any monthly observation date each index is at or above 100% of its initial level, UBS will call the notes and return principal plus the due coupon.

How much principal protection do investors have?

Principal is protected only if, at maturity, each index remains at or above 70% of its initial level. A breach by any single index results in losses matching the worst index’s decline.

What is the estimated initial value versus the issue price?

UBS estimates the initial economic value at $968.30 per $1,000, about 3.17% below the $1,000 issue price, reflecting dealer fees and funding costs.

Are the notes listed on an exchange?

No. The notes will not be listed; any liquidity depends on UBS Securities LLC’s discretionary market-making.

Which indices determine the note’s performance?

Performance is tied to the Nasdaq-100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX); the least-performing index drives coupon qualification and principal repayment.

[Form 4] MSC Industrial Direct Co., Inc. Insider Trading Activity

Insights

FAQ

What is the contingent coupon rate on the UBS Trigger Autocallable Notes?

When can the notes be automatically called by UBS?

How much principal protection do investors have?

What is the estimated initial value versus the issue price?

Are the notes listed on an exchange?

Which indices determine the note’s performance?

NYSE:MSM

MSM Rankings

MSM Latest News

MSM Latest SEC Filings

MSM Stock Data

Trending News

[Form 4] MSC Industrial Direct Co., Inc. Insider Trading Activity

Insights

Structured-Products Analyst neutral

Portfolio Risk Manager neutral

FAQ

What is the contingent coupon rate on the UBS Trigger Autocallable Notes?

When can the notes be automatically called by UBS?

How much principal protection do investors have?

What is the estimated initial value versus the issue price?

Are the notes listed on an exchange?

Which indices determine the note’s performance?

NYSE:MSM

MSM Rankings

MSM Latest News

MSM Latest SEC Filings

MSM Stock Data