Published on 8/26/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $4.58 million trigger autocallable notes on S&P, Russell, Dow
By Wendy Van Sickle
Columbus, Ohio, Aug. 26 – UBS AG, London Branch priced $4.58 million of 0% trigger autocallable notes due June 30, 2026 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 7.25% annualized premium if each index closes at or above its call level, 90% of initial level, on any quarterly observation date after one year.
If the notes are not called, the payout at maturity will be par unless any index finishes below its 75% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable notes
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| Underlying indexes: | Dow Jones industrial average, S&P 500 index, Russell 2000 index
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| Amount: | $4,579,000
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| Maturity: | June 30, 2026
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 7.25% annualized premium if all indexes close at or above call level, 90% of initial level, on any quarterly observation date after one year
|
| Payout at maturity: | Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline of worst performing index
|
| Initial levels: | 34,433.84 for Dow, 4,297.5 for S&P, 2,310.549 for Russell
|
| Downside thresholds: | 25,825.38 for Dow, 3,210.53 for S&P, 1,750.797 for Russell; 75% of initial levels
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| Pricing date: | June 25
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| Settlement date: | June 30
|
| Agent: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 0%
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| Cusip: | 90276BS20
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