Published on 5/27/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $750,000 trigger callable contingent yield notes on two stocks
Chicago, May 27 – UBS AG, London Branch priced $750,000 of trigger callable contingent yield notes due Nov. 6, 2025 linked to the least performing of the stocks of Fiserv, Inc. and Global Payments Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 10% if each stock’s closing level is at least 60% of its initial level on the observation date.
The notes will be callable at par on any monthly observation date after three months.
If the notes are not called and each stock finishes at or above its 60% trigger level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing stock’s final level is below its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger callable contingent yield notes
|
| Underlying stocks: | Fiserv, Inc. and Global Payments Inc.
|
| Amount: | $750,000
|
| Maturity: | Nov. 6, 2026
|
| Coupon: | 10% per year, payable monthly if each stock closes at or above its coupon barrier level on the observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless either stock finishes below its trigger level, in which case full exposure to the losses of the worst performing stock
|
| Call option: | At par on any monthly observation date after three months
|
| Initial levels: | $101.46 for Fiserv, $134.87 for Global Payments
|
| Coupon barrier levels: | $60.88 for Fiserv, $80.92 for Global Payments; 60% of initial levels
|
| Trigger levels: | $60.88 for Fiserv, $80.92 for Global Payments; 60% of initial levels
|
| Strike date: | Nov. 3, 2021
|
| Pricing date: | Nov. 4, 2021
|
| Settlement date: | Nov. 9, 2021
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.6%
|
| Cusip: | 90279DPE0
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
