New Issue: UBS sells $936,000 trigger autocallable notes on index, ETF

By Kiku Steinfeld

Chicago, Feb. 19 – UBS AG, London Branch priced $936,000 of 0% trigger autocallable notes due June 28, 2027 linked to the SPDR S&P Metals & Mining ETF and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a 17.35% annualized premium if each asset closes at or above 90% of its initial level on any annual observation date prior to maturity.

If the notes are not called and each asset finishes at or above its 70% downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the lesser performing asset’s final level is below its initial level.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable notes
Underlying assets:	SPDR S&P Metals & Mining ETF and Nasdaq-100 index
Amount:	$936,000
Maturity:	June 28, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either asset finishes below downside threshold, in which case full exposure to decline of lesser performing asset
Call:	Automatically at par plus 17.35% annualized premium if each asset closes at or above 90% of initial level on any annual observation date prior to maturity
Initial levels:	14,891.48 for index, $48.69 for ETF
Downside thresholds:	10,424.04 for index, $34.08 for ETF; 70% of initial levels
Pricing date:	June 23, 2023
Settlement date:	June 28, 2023
Agent:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	None
Cusip:	90279GPF0

© 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.