Published on 2/15/2023 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.55 million trigger autocallable contingent yield notes on three stocks
Chicago, Feb. 15 – UBS AG, London Branch priced $1.55 million of trigger autocallable contingent yield notes due May 2, 2025 linked to the least performing of the stocks of Alphabet Inc., Microsoft Corp. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent coupon at the rate of 14.3% per year if the least-performing stock closes at or above its coupon barrier, 60% of its initial share price, on the related observation date.
The notes will be automatically called at par if the least-performing stock closes at or above its initial share price on any monthly call observation date after three months.
If the notes are not called and the final share price of the least-performing stock is greater than or equal to that stock’s downside threshold level, 50% of its initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing stock’s final share price is less than its initial share price, payable in shares.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying stocks: | Alphabet Inc., Microsoft Corp. and Nvidia Corp.
|
| Amount: | $1,554,000
|
| Maturity: | May 2, 2025
|
| Contingent coupon: | 14.3% annual rate, payable monthly if least-performing stock closes at or above coupon barrier level on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless least-performing stock finishes below downside threshold level, in which case 1% loss for each 1% that least-performing stock declines from initial price, payable in shares
|
| Call: | Automatically at par if least-performing stock closes at or above initial share price on any monthly call observation date after three months
|
| Initial prices: | $2,282.19 for Alphabet, $277.52 for Microsoft, $185.47 for Nvidia
|
| Coupon barriers: | $1,369.31 for Alphabet, $166.51 for Microsoft, $111.28 for Nvidia; 60% of initial prices
|
| Downside thresholds: | $1,141.10 for Alphabet, $138.76 for Microsoft, $92.74 for Nvidia; 50% of initial prices
|
| Share delivery amounts: | 0.4382 for Alphabet, 3.6033 for Microsoft, 5.3917 for Nvidia
|
| Pricing date: | April 29, 2022
|
| Settlement date: | May 4, 2022
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 3.5%
|
| Cusip: | 90279D5X0
|
|
|
© 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.
