Published on 4/18/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4.14 million trigger autocallable notes tied to Russell, FTSE
By William Gullotti
Buffalo, N.Y., April 18 – UBS AG, London Branch priced $4.14 million of 0% trigger autocallable notes due March 29, 2029 linked to the performance of the FTSE 100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 10.1% annualized call premium if each index closes at or above its initial level on any quarterly observation date.
If the notes are not called, the payout at maturity will be par unless any index finishes below its 75% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable notes
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Underlying indexes: | FTSE 100 index, Russell 2000 index
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Amount: | $4,143,000
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Maturity: | March 29, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline of worst performing index from initial level
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Call: | At par plus a 10.1% annualized call premium if all indexes close at or above initial levels on any quarterly observation date
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Initial levels: | 7,930.96 for FTSE, 2,070.163 for Russell
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Downside thresholds: | 5,948.22 for FTSE, 1,552.622 for Russell; 75% of initial levels
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Pricing date: | March 26
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Settlement date: | March 28
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Agent: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.85%
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Cusip: | 9026744Y3
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