Chicago, May 23 – UBS AG, London Branch priced $820,000 of trigger autocallable contingent yield notes with memory coupon due July 3, 2025 linked to the common stock of Warner Bros. Discovery Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at the rate of 10.5% per year if the shares close at or above the coupon barrier, 60% of the initial share price, on the relevant observation date, in which case investors will also receive any previously unpaid coupons.
The notes will be automatically called at par plus the coupon if the shares close at or above 80% of its initial share price on any monthly observation date after three months.
If the notes are not called and the final share price is greater than or equal to the 50% downside threshold, the payout at maturity will be par plus any and all unpaid coupons.
Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes with memory coupon
|
| Underlying stock: | Warner Bros. Discovery Inc.
|
| Amount: | $820,000
|
| Maturity: | July 3, 2025
|
| Contingent coupon: | 10.5% annual rate, payable monthly if stock closes at or above coupon barrier level on related quarterly observation date; coupon payment events will include previously unpaid coupons, if any
|
| Price: | Par
|
| Payout at maturity: | Par plus any and all unpaid coupons if the stock finishes at or above downside threshold; otherwise, 1% loss for each 1% decline from initial price
|
| Call: | Automatically at par plus coupon if stock closes at or above call level on any monthly observation date after three months
|
| Initial price: | $13.17
|
| Coupon barrier: | $7.90; 60% of initial price
|
| Call level: | $10.54; 80% of initial level
|
| Downside threshold: | $6.59; 50% of initial price
|
| Pricing date: | June 29, 2022
|
| Settlement date: | July 5, 2022
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 3.15%
|
| Cusip: | 90279FKJ9
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
