Published on 5/31/2022 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.08 million trigger autocallable contingent yield notes on four stocks
By William Gullotti
Buffalo, N.Y., May 31 – UBS AG, London Branch priced $1.08 million of trigger autocallable contingent yield notes due May 27, 2027 linked to the stock performance of Morgan Stanley, Microsoft Corp., Skyworks Solutions, Inc. and VMware, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at the rate of 16% per year if each stock closes at or above its coupon barrier, 50% of its initial level, on the corresponding observation date.
The notes will be automatically called at par plus coupon if the shares of each stock closes at or above its initial share price on any monthly 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, 50% of the initial share price, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than its initial level.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying stocks: | Morgan Stanley, Microsoft Corp., Skyworks Solutions, Inc., VMware, Inc.
|
| Amount: | $1,079,000
|
| Maturity: | May 27, 2027
|
| Coupon: | 16% per year, paid monthly, if each stock closes at or above its coupon barrier on the related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon 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 plus coupon if each stock closes at or above initial level on any monthly call observation date after six months
|
| Initial levels: | $81.96 for Morgan Stanley, $259.62 for Microsoft, $99.88 for Skyworks, $115.94 for VMware
|
| Coupon barrier levels: | $40.98 for Morgan Stanley, $129.81 for Microsoft, $49.94 for Skyworks, $57.97 for VMware; 50% of initial levels
|
| Downside thresholds: | $40.98 for Morgan Stanley, $129.81 for Microsoft, $49.94 for Skyworks, $57.97 for VMware; 50% of initial levels
|
| Pricing date: | May 24
|
| Settlement date: | May 27
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 4%
|
| Cusip: | 90279FDF5
|
|
|
© 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.
