Published on 6/8/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $500,000 step-down trigger autocallable notes on three stocks
Chicago, June 8 – UBS AG, London Branch priced $500,000 of 0% step-down trigger autocallable notes due Nov. 27, 2024 linked to the least performing of Nvidia Corp., Roku, Inc. and Snap Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Starting after six months, the notes will be called with a 20.25% annualized premium if all three stocks close above the call threshold on any quarterly observation date. The call threshold starts at the initial level and each quarter decreases by 5%.
If the notes are not called, at least one stock has closed below 50% of its initial level. In that case, investors would be fully exposed to the losses of the worst performer, payable in shares.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Step-down trigger autocallable notes
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| Underlying stocks: | Nvidia Corp., Roku, Inc. and Snap Inc.
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| Amount: | $500,000
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| Maturity: | Nov. 27, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If not called because at least one stock has closed below downside threshold, full exposure to losses of worst performer, payable in shares
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| Call: | Automatically at par plus 20.25% annualized premium if all stocks close above call threshold level on any quarterly observation date starting after six months; call threshold level starts at 100% of initial level and decreases 5% each quarter
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| Initial levels: | $319.56 for Nvidia, $230.98 for Roku, $49.26 for Snap
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| Downside thresholds: | $159.78 for Nvidia, $115.49 for Roku, $24.63 for Snap; 50% of initial levels
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| Share delivery amounts: | 3.1293 for Nvidia, 4.3294 for Roku, 20.3004 for Snap
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| Pricing date: | Nov. 22, 2021
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| Settlement date: | Nov. 26, 2021
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 0.25%
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| Cusip: | 90279DQW9
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