Published on 11/27/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $400,000 trigger yield notes on equally-weighted stock basket
Chicago, Nov. 27 – UBS AG, London Branch priced $400,000 of trigger yield notes due Oct. 26, 2023 linked to an equally weighted basket of four equity securities, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are Bank of America Corp., Citigroup Inc., Goldman Sachs Group, Inc. and Morgan Stanley.
The securities will pay a 10% monthly coupon.
Investors will receive par if the basket falls by up to 30%. If the basket declines more than 30%, investors will be fully exposed to the losses of the basket.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield notes
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Underlying stocks: | Bank of America Corp., Citigroup Inc., Goldman Sachs Group, Inc. and Morgan Stanley; equal weights
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Amount: | $400,000
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Maturity: | Oct. 26, 2023
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Coupon: | 10% annual rate, payable monthly
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Price: | Par
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Payout at maturity: | Par if basket falls by up to 30%; otherwise, full exposure to losses of basket
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Initial prices: | $34.95 for BofA, $44.26 for Citigroup, $325.10 for Goldman, $79.22 for Morgan Stanley
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Barrier level: | 70% of initial level
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Pricing date: | Oct. 21, 2022
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Settlement date: | Oct. 26, 2022
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90279FA92
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