Published on 8/27/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $7.41 million trigger autocallable notes on Nasdaq, Russell, Dow
By William Gullotti
Buffalo, N.Y., Aug. 27 – UBS AG, London Branch priced $7.41 million of 0% trigger autocallable notes due Aug. 25, 2025 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 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 an 11% annualized call premium if each index closes at or above its initial level on any annual observation date.
If the notes are not called, the payout at maturity will be par unless any index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index
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| Amount: | $7.41 million
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| Maturity: | Aug. 25, 2025
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 11% annualized call premium if all indexes close at or above initial levels on any annual observation date
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| Payout at maturity: | Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline of worst performing index from its initial level
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| Initial levels: | 35,120.08 for Dow, 15,092.57 for Nasdaq, 2,167.6 for Russell
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| Downside thresholds: | 24,584.056 for Dow, 10,564.8 for Nasdaq, 1,517.32 for Russell; 70% of initial levels
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| Pricing date: | Aug. 20
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| Settlement date: | Aug. 25
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| Agent: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2%
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| Cusip: | 90279DCF1
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