Published on 4/15/2024 in the Prospect News Structured Products Daily.
New Issue: UBS $570,000 trigger autocallable yield notes on three stocks
Chicago, April 15 – UBS AG, London Branch priced $570,000 of 10.5% trigger autocallable yield notes due Jan. 23, 2026 linked to the least performing of the stock performances of Alphabet Inc. (class C), Oracle Corp. and Target Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The notes will be automatically called at par plus the fixed coupon if each stock closes at or above 95% of its initial level on any monthly valuation date after six months.
If the notes have not been called and each stock finishes at or above its 60% downside threshold, the payout at maturity will be par plus the final fixed coupon.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable yield notes
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| Underlying stocks: | Alphabet Inc. (Ticker: GOOG), Oracle Corp. (Ticker: ORCL) and Target Corp. (Ticker: TGT)
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| Amount: | $570,000
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| Maturity: | Jan. 23, 2026
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| Coupon: | 10.5% per annum, payable monthly
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above its downside threshold, par plus final fixed coupon; otherwise, full exposure to decline of worst performer from initial level
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| Call option: | Automatically at par plus coupon if each stock closes at or above 95% of its initial level on any monthly valuation date after six months
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| Initial levels: | $147.97 for Alphabet, $109.67 for Oracle, $138.14 for Target
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| Downside thresholds: | $88.78 for Alphabet, $65.80 for Oracle, $82.88 for Target; 60% of initial levels
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| Call levels: | $140.57 for Alphabet, $104.19 for Oracle, $131.23 for Target; 95% of initial levels
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 2.65%
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| Cusip: | 90279WE91
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