Published on 12/11/2023 in the Prospect News Structured Products Daily.
New Issue: UBS sells $650,000 trigger autocallable contingent yield notes on three stocks
Chicago, Dec. 11 – UBS AG, London Branch priced $650,000 of trigger autocallable contingent yield notes due May 7, 2025 linked to the least performing of the stocks of ASML Holding NV, Boeing Co. and salesforce.com, inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at the rate of 20% per year if each stock closes at or above its coupon barrier, 60% of its initial level, on any related observation date.
The notes will be automatically called at par plus the coupon if the shares of each stock close at or above their initial share prices on any quarterly call observation date after six months.
If the notes are not called and the final share price of each stock is greater than or equal to the downside threshold level, 60% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than its initial share price.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying stocks: | ASML Holding NV, Boeing Co. and salesforce.com, inc.
|
| Amount: | $650,000
|
| Maturity: | May 7, 2025
|
| Coupon: | 20% per year, paid quarterly, if each stock closes at or above its coupon barrier on any related observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock finishes below downside threshold level, in which case 1% loss for each 1% decline of laggard stock from initial level
|
| Call: | Automatically at par if each stock closes at or above initial level on any quarterly call observation date starting after six months
|
| Initial levels: | $634.05 for ASML, $203.25 for Boeing, $193.84 for salesforce
|
| Coupon barrier levels: | $380.43 for ASML, $121.95 for Boeing, $116.30 for salesforce; 60% of initial levels
|
| Downside threshold levels: | $380.43 for ASML, $121.95 for Boeing, $116.30 for salesforce; 60% of initial levels
|
| Strike date: | May 2, 2023
|
| Pricing date: | May 3, 2023
|
| Settlement date: | May 8, 2023
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 1.75%
|
| Cusip: | 90279GHM4
|
|
|
© 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.
