Published on 7/25/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $6.25 million contingent income autocalls on three stocks
By Wendy Van Sickle
Columbus, Ohio, July 25 – UBS AG, London Branch priced $6.25 million of contingent income autocallable securities due July 24, 2025 linked to the common stocks of McDonald’s Corp., Wendy's Co. and Yum! Brands, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly coupon at an annual rate of 12.05% if each stock finishes above its 70% coupon barrier on the corresponding observation date.
The notes will be called at par of $10 plus the contingent coupon if all stocks close at or above their respective initial share price on any quarterly determination date after six months.
If all stocks finish at or above their respective downside threshold level, 60% of initial level, the payout at maturity will be par plus the final coupon, if any. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
UBS Securities LLC is the agent and Morgan Stanley Wealth Management is the dealer.
| Issuer: | UBS AG, London Branch
|
| Issue: | Contingent income autocallable securities
|
| Underlying stocks: | McDonald’s Corp., Wendy's Co., Yum! Brands,Inc.
|
| Amount: | $6.25 million
|
| Maturity: | July 24, 2025
|
| Coupon: | 12.05% per year, payable quarterly if all stocks close at or above coupon barrier level on the relevant observation date
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus final coupon, if any, unless the worst performing stock finishes below downside threshold level, in which case investors will be exposed to the worst performer’s decline from its initial share price
|
| Call: | At par plus contingent coupon if all stocks close at or above initial share price on any quarterly determination date after six months
|
| Initial levels: | $254.58 for McDonald’s, $20.59 for Wendy's, $120.81 for Yum! Brands
|
| Coupon barriers: | $178.21 for McDonald’s, $14.41 for Wendy's, $84.57 for Yum! Brands; 70% of initial share price
|
| Downside thresholds: | $152.75 for McDonald’s, $12.35 for Wendy's, $72.49 for Yum! Brands; 60% of initial share price
|
| Pricing date: | July 20
|
| Settlement date: | July 25
|
| Agent: | UBS Securities LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 90289U536
|
|
|
© 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.
