Published on 2/6/2024 in the Prospect News Structured Products Daily.
New Issue: UBS sells $757,000 trigger autocallable yield notes tied to three stocks
Chicago, Feb. 6 – UBS AG, London Branch priced $757,000 of 9.05% trigger autocallable yield notes due May 22, 2025 linked to the stock performance of Amazon.com, Inc., Bank of America Corp. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The notes will be automatically called at par plus the fixed coupon if each stock closes at or above 95% of its initial level on any monthly valuation date after three months.
If the notes have not been called and each stock finishes at or above its 50% downside threshold, the payout at maturity will be par plus the final fixed coupon.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable yield notes
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| Underlying stocks: | Amazon.com, Inc., Bank of America Corp. and Microsoft Corp.
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| Amount: | $757,000
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| Maturity: | May 22, 2025
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| Coupon: | 9.05% per annum, payable monthly
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above its downside threshold, par plus final fixed coupon; otherwise, full exposure to decline of worst performer from initial level
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| Call option: | Automatically par plus coupon if each stock closes at or above its 95% of its initial level on any monthly valuation date starting after three months
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| Initial levels: | $115.50 for Amazon, $28.57 for BofA, $314.00 for Microsoft
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| Downside thresholds: | $57.75 for Amazon, $14.29 for BofA, $157.00 for Microsoft; 50% of initial levels
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| Call threshold levels: | $109.73 for Amazon, $27.14 for BofA, $298.30 for Microsoft; 95% of initial levels
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| Pricing date: | May 17, 2023
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| Settlement date: | May 22, 2023
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 3%
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| Cusip: | 90279GHJ1
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