Published on 12/9/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.2 million 8% trigger yield notes linked to S&P 500, iShares ETF
By William Gullotti
Buffalo, N.Y., Dec. 9 – UBS AG, London Branch priced $2.2 million of 8% trigger yield notes due Aug. 6, 2025 linked to the iShares Russell 2000 ETF and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the final level of any underlier is less than 60% of the initial level, in which case investors will be fully exposed the decline of the worst performer from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield notes
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Underlying assets: | S&P 500 index, iShares Russell 2000 ETF
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Amount: | $2,201,000
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Maturity: | Aug. 6, 2025
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Coupon: | 8%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless any underlier finishes below trigger level, in which case investors will be fully exposed to the decline of the worst performer from its initial level
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Initial levels: | $186.96 for ETF, 4,076.57 for S&P
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Trigger levels: | $112.18 for ETF, 2,445.94 for S&P; 60% of initial level
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Strike date: | Dec. 1
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Pricing date: | Dec. 2
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Settlement date: | Dec. 7
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | None
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Cusip: | 90279FD24
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