Published on 4/15/2024 in the Prospect News Structured Products Daily.
New Issue: UBS $350,000 trigger autocallable contingent yield notes on three stocks
Chicago, April 15 – UBS AG, London Branch priced $350,000 of trigger autocallable contingent yield notes due Jan. 22, 2027 linked to the least performing of the stock performances of Advanced Micro Devices, Inc., Intuitive Surgical, Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly if all three stocks close above their 60% coupon barriers on the related observation date.
The notes will be automatically called at par plus the fixed coupon if each stock closes at or above its initial level on any monthly valuation date after six months.
If the notes have not been called and each stock finishes at or above its 50% downside threshold, the payout at maturity will be par plus any final coupon.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable contingent yield notes
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Underlying stocks: | Advanced Micro Devices, Inc. (Ticker: AMD), Intuitive Surgical, Inc. (Ticker: ISRG) and Nvidia Corp. (Ticker: NVDA)
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Amount: | $350,000
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Maturity: | Jan. 22, 2027
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Coupon: | 15.6% per annum, payable monthly if all three stocks close above coupon barriers on related observation date
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Price: | Par
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Payout at maturity: | If each stock finishes at or above its downside threshold, par plus any final coupon; otherwise, full exposure to decline of worst performer from initial level
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Call option: | Automatically at par plus coupon if each stock closes at or above its initial level on any monthly valuation date after six months
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Initial levels: | $174.23 for AMD, $374.82 for Intuitive, $594.91 for Nvidia
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Coupon barrier levels: | $104.54 for AMD, $224.89 for Intuitive, $356.95 for Nvidia; 60% of initial levels
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Downside thresholds: | $87.12 for AMD, $187.41 for Intuitive, $297.46 for Nvidia; 50% of initial levels
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Pricing date: | Jan. 19
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Settlement date: | Jan. 24
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90279WE59
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