Published on 4/25/2024 in the Prospect News Structured Products Daily.
New Issue: UBS sells $316,000 trigger callable yield notes on Nasdaq, Russell, S&P
By Kiku Steinfeld
Chicago, April 25 – UBS AG, London Branch priced $316,000 of 9.2% trigger callable yield notes due Aug. 5, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on any coupon payment date after six months.
The payout at maturity will be par unless the least-performing index finishes below its 70% downside threshold level, in which case investors will lose 1% for each 1% decline of the least-performing index.
UBS Securities LLC and UBS Investment Bank are the agent.
Issuer: | UBS AG, London Branch
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Issue: | Trigger callable yield notes
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Underlying indexes: | Nasdaq-100 index, S&P 500 index and Russell 2000 index
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Amount: | $316,000
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Maturity: | Aug. 5, 2024
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Coupon: | 9.2% per year, payable monthly
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Price: | Par
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Payout at maturity: | Par unless least-performing index finishes below downside threshold, in which case 1% loss for each 1% decline of least-performing index
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Call option: | At par on any coupon payment date after six months
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Initial levels: | 4,588.96 for S&P, 2,003.177 for Russell, 15,757.00 for Nasdaq
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Downside threshold levels: | 3,212.27 for S&P, 1,402.224 for Russell, 11,029.90 for Nasdaq, 70% of initial levels
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Pricing date: | July 31, 2023
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Settlement date: | Aug. 3, 2023
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 0.25%
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Cusip: | 90279GA33
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