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UBS AG filings for WUCT document foreign private issuer reporting and securities-offering disclosures for the ETRACS Whitney US Critical Technologies ETN. The record includes Form 6-K reports, Form 20-F references, IFRS consolidated financial information, capitalization disclosures, and debt and equity presentation for UBS AG and its subsidiaries.
Registration-related filings also incorporate Form F-3 materials and legal opinion exhibits for UBS AG securities offerings. These disclosures address the issuer's reporting framework, capital structure, funding from UBS Group AG, and the formal documentation supporting registered securities.
Offering overview: UBS AG is marketing unsubordinated, unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Uber Technologies, Inc., maturing on or about 5 January 2027.
The Notes pay a contingent coupon of 15.25 - 16.25 % per annum only when the closing price of Uber stock on a quarterly observation date is at least the 75 % coupon barrier. Should the closing price reach or exceed the 100 % call threshold on any observation date before maturity, the Notes are automatically called and investors receive the $1,000 principal plus the applicable coupon.
If the Notes are not called, principal is protected at maturity only if Uber’s final share price is at or above the 75 % downside threshold; otherwise investors suffer a loss equal to the underlying’s percentage decline and could lose their entire investment.
The issue price is $1,000 per Note. UBS estimates an initial value of $936 - $966, reflecting an underwriting discount of $27.50 and internal funding costs. Trade date is expected 30 June 2025 with T+3 settlement on 3 July 2025. The securities will not be listed on any exchange, and secondary market liquidity may be limited.
Key risks: exposure to UBS credit, potential loss of principal below the downside threshold, the possibility of receiving few or no coupons, no participation in upside beyond coupons, and limited liquidity due to the absence of a listing.
UBS AG is offering unsubordinated, unsecured debt titled Trigger Callable Contingent Yield Notes linked to the S&P 500® Index. The Notes carry a 6.35% contingent coupon (annualized) that is paid semi-annually only if the index closes at or above a 70% coupon barrier on each observation date. If the barrier is breached on any observation date, that period’s coupon is forgone.
Call feature: UBS may call the Notes in whole on any observation date (other than the final valuation date) regardless of index performance. If called, investors receive par plus any due coupon; no further payments are made.
Maturity & downside: Absent a call, the Notes mature on 14 July 2028. Principal is protected only if the final level of the S&P 500® is at or above the 70% downside threshold. A final index level below this threshold yields a loss matching the index’s percentage decline, up to a 100% loss of principal.
Key dates: Trade date 11 Jul 2025; settlement 16 Jul 2025; semi-annual observations; final valuation 11 Jul 2028.
Pricing & liquidity: Estimated initial value is $937.80–$967.80 per $1,000 Note, reflecting internal funding spreads and selling concessions. UBS Securities LLC earns a $15.00 underwriting discount and may pay third-party dealers up to a $6.00 structuring fee. The Notes will not be listed on any exchange, and secondary trading may be limited, settling T+1 after initial T+3 issuance.
Risk highlights: Investors face credit risk of UBS, potential loss of coupons, and full downside exposure below the 70% threshold. Higher coupon rates correlate with higher risk, and investors do not participate in index gains.