Published on 10/20/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $795,000 contingent absolute return autocallables linked to Boston Beer
New York, Oct. 20 – UBS AG, London Branch priced $795,000 of 0% contingent absolute return autocallable optimization securities due Oct. 24, 2023 linked to the common stock of Boston Beer Co., Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 9.10% per year if Boston Beer shares close at or above the initial share price on any observation date, which occurs every two months.
If the notes are not called and Boston Beer shares finish at or above the trigger price, 50.5% of the initial share price, the payout at maturity will be par plus the absolute value of the stock return. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Contingent absolute return autocallable optimization securities
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| Underlying stock: | Boston Beer Co., Inc. (NYSE: SAM)
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| Amount: | $795,000
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| Maturity: | Oct. 24, 2023
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of stock return; otherwise, full exposure to share price decline
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| Call: | Automatically at par plus 9.10% per year if Boston Beer shares close at or above initial share price on any observation date, which occurs every two months
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| Initial share price: | $510.27
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| Trigger price: | $257.69, 50.5% of initial price
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| Pricing date: | Oct. 19
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| Settlement date: | Oct. 21
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.5%
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| Cusip: | 90301H646 ISIN
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