Published on 5/18/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $500,000 trigger yield notes tied to three stocks
Chicago, May 18 – UBS AG, London Branch priced $500,000 of 7.15% trigger yield notes due June 27, 2023 linked to the performance of the common stocks of Berkshire Hathaway Inc., Kraft Heinz Co. and McCormick & Co., Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the final level of any stock is less than 50% of the initial level, in which case investors will be fully exposed the decline of the worst performer from its initial level.
UBS Securities LLC and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield notes
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Underlying stocks: | Berkshire Hathaway Inc., Kraft Heinz Co. and McCormick & Co., Inc.
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Amount: | $500,000
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Maturity: | June 27, 2023
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Coupon: | 7.15% annual rate, payable monthly
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Price: | Par
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Payout at maturity: | Par unless any underlier finishes below trigger level, in which case investors will be fully exposed to the decline of the worst performer from its initial level
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Initial levels: | $269.79 for Berkshire, $37.05 for Kraft, $83.45 for McCormick
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Trigger levels: | $134.90 for Berkshire, $18.53 for Kraft, $41.73 for McCormick; 50% of initial levels
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Strike date: | June 22, 2022
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Pricing date: | June 23, 2022
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Settlement date: | June 28, 2022
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Underwriters: | UBS Securities LLC and UBS Investment Bank
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Fees: | 0.2%
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Cusip: | 90279FKD2
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