Published on 10/23/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $2 million trigger autocallable notes on Nasdaq, Russell, Dow
By Kiku Steinfeld
Chicago, Oct. 25 – UBS AG, London Branch priced $2 million of 0% trigger autocallable notes due July 30, 2026 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 a 7% annualized call premium if each index closes at or above its 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 60% 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: | $2 million
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| Maturity: | July 30, 2026
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 7% annualized call premium if all indexes close at or above initial levels on any quarterly observation date after one year
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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: | 35,058.52 for Dow, 14,956.97 for Nasdaq, 2,191.833 for Russell
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| Downside thresholds: | 21,035.11 for Dow, 8,974.18 for Nasdaq, 1,315.100 for Russell; 60% of initial levels
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| Pricing date: | July 27
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| Settlement date: | July 30
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 3.5%
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| Cusip: | 90279DBK1
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