Published on 5/9/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $650,000 trigger autocallable contingent yield notes on Moderna
Chicago, May 9 – UBS AG, London Branch priced $650,000 of trigger autocallable contingent yield notes due June 18, 2024 linked to the stock performance of Moderna, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly coupon at the annual rate of 20% if the stock closes above the 50% coupon barrier on the related observation date.
The notes will be automatically called at par if the stock closes at or above the initial share price on any quarterly call observation date after six months.
If the notes are not called and the final share price of the stock is greater than or equal to the downside threshold level, 50% of the initial share price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the losses of the stock, payable as 85.3752 shares.
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 stock: | Moderna, Inc.
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| Amount: | $650,000
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| Maturity: | June 18, 2024
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| Contingent coupon: | 20% annual rate, paid monthly if stock closes above coupon barrier level on related observation date
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| Price: | Par of $10,000
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| Payout at maturity: | Par unless the stock finishes below downside threshold level, in which case full exposure to losses of stock, payable as 85.3752 shares
|
| Call: | Automatically at par if the stock closes at or above initial level on any quarterly call observation date after six months
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| Initial level: | $117.13
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| Coupon barrier level: | $58.57, 50% of initial level
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| Downside threshold: | $58.57, 50% of initial level
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| Pricing date: | June 13, 2022
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| Settlement date: | June 16, 2022
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 1.75%
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| Cusip: | 90279FHF1
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