Published on 4/19/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $525,000 trigger autocallable contingent yield notes on index, ETFs
Chicago, April 19 – UBS AG, London Branch priced $525,000 of trigger autocallable contingent yield notes due Jan. 28, 2027 linked to the least performing of the Technology Select Sector SPDR fund, the Russell 2000 index and the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 9.6% if all assets close at or above their coupon barriers, 70% of their initial levels, on the observation date for that period.
The notes will be called at par if all assets close at or above their initial levels on any monthly observation date after six months.
The payout at maturity will be par unless any asset finishes below the downside threshold level, 60% of the initial level, in which case investors will lose 1% for every 1% decline of the worse performing asset.
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 assets: | Technology Select Sector SPDR fund, Russell 2000 index and SPDR S&P Regional Banking ETF
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| Amount: | $525,000
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| Maturity: | Jan. 28, 2027
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| Coupon: | 9.6% annual rate, payable monthly if all assets close at or above coupon barriers on related observation date
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| Price: | Par
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| Payout at maturity: | Par unless any asset finishes below downside threshold level, in which case 1% loss for every 1% decline of the worse performing asset
|
| Call: | At par if all assets close at or above their initial levels on any monthly observation date after six months
|
| Initial values: | $51.66 for banking, 1,976.268 for index, $201.86 for technology
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| Coupon barriers: | $36.16 for banking, 1,383.388 for index, $141.30 for technology; 70% of initial values
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| Downside thresholds: | $31.00 for banking, 1,185.761 for index, $121.12 for technology; 60% of initial values
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 26
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| Underwriters: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 2.5%
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| Cusip: | 90279WM43
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