Published on 3/3/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $900,000 trigger autocallable contingent yield notes on Tesla
Chicago, March 3 – UBS AG, London Branch priced $900,000 of trigger autocallable contingent yield notes due May 18, 2023 linked to the stock performance of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly coupon at the annual rate of 26.5% if the stock closes above the 60% coupon barrier on the related observation date.
The notes will be automatically called at par if the stock closes at or above the initial share price on any quarterly call observation date after six months.
If the notes are not called and the final share price of the stock is greater than or equal to the downside threshold level, 60% of the initial share price, the payout at maturity will be par. Otherwise, investors receive a number of shares equal to $10,000 divided by the initial share price.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger autocallable contingent yield notes
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| Underlying stock: | Tesla, Inc.
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| Amount: | $900,000
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| Maturity: | May 18, 2023
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| Contingent coupon: | 26.5% annual rate, paid monthly if stock closes above coupon barrier level on related observation date
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| Price: | Par of $10,000
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| Payout at maturity: | Par unless the stock finishes below downside threshold level, in which case receive 12.9939 shares per note
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| Call: | Automatically at par if the stock closes at or above initial level on any quarterly call observation date after six months
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| Initial level: | $769.59
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| Coupon barrier level: | $461.75, 60% of initial level
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| Downside threshold: | $461.75, 60% of initial level
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| Pricing date: | May 13, 2022
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| Settlement date: | May 18, 2022
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 1%
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| Cusip: | 90279FDB4
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