Published on 6/21/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $350,000 trigger autocallable contingent yield notes on tech stocks
By Kiku Steinfeld
Chicago, June 21 – UBS AG, London Branch priced $350,000 of trigger autocallable contingent yield notes due Dec. 5, 2024 linked to the stock performance of Amazon.com, Inc., Meta Platforms, Inc. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at the rate of 13% per year if each stock closes at or above its coupon barrier, 60% of its initial level, on the corresponding observation date.
The notes will be automatically called at par if the shares of each stock closes at or above its initial share price on any quarterly call observation date.
If the worst performer finishes at or above its 60% downside threshold, the payout will be par. Otherwise, investors will be fully exposed to the losses of the worst performer.
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: | Amazon.com, Inc., Meta Platforms, Inc. and Netflix, Inc.
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| Amount: | $350,000
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| Maturity: | Dec. 5, 2024
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| Coupon: | 13% per year, paid quarterly, if each stock closes at or above its coupon barrier on the related observation date
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| Price: | Par
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| Payout at maturity: | Par if all stocks close at or above downside threshold; otherwise, full exposure to losses of worst performer
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| Call: | Automatically at par if each stock closes at or above initial level on any quarterly call observation date
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| Initial levels: | $3,507.07 for Amazon, $324.46 for Meta, $641.90 for Netflix
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| Coupon barrier levels: | $2,104.24 for Amazon, $194.68 for Meta, $385.14 for Netflix; 60% of initial levels
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| Downside thresholds: | $2,104.24 for Amazon, $194.68 for Meta, $385.14 for Netflix; 60% of initial levels
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| Pricing date: | Nov. 30, 2021
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| Settlement date: | Dec. 3, 2021
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 2%
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| Cusip: | 90279DRG3
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