New Issue: UBS prices $421,000 trigger autocallables linked to Halliburton

By Kiku Steinfeld

Chicago, Feb. 2 – UBS AG, London Branch priced $421,000 of 0% trigger autocallable optimization securities due June 26 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call return of 19.31% if Halliburton shares close at or above the initial share price on June 21, 2024.

If the notes are not called and Halliburton shares finish at or above the trigger price, 65% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable optimization securities
Underlying stock:	Halliburton Co. (NYSE: HAL)
Amount:	$421,000
Maturity:	June 26
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par if Halliburton shares finish at or above trigger price; otherwise, full exposure to share price decline
Call:	Automatically at par plus 19.31% if Halliburton shares close at or above the initial share price on June 21, 2024
Initial share price:	$31.92
Trigger price:	$20.75, 65% of initial price
Pricing date:	June 21, 2023
Settlement date:	June 23, 2023
Underwriters:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90286Q512

© 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.