Published on 6/20/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $600,000 contingent absolute return autocallables linked to iShares MSCI Brazil
New York, June 21 – UBS AG, London Branch priced $600,000 of 0% contingent absolute return autocallable optimization securities due June 21, 2024 linked to the iShares MSCI Brazil ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 18% per year if the shares close at or above the initial share price on any observation date, which occurs every two months.
If the notes are not called and the shares finish at or above the trigger price, 56.38% of the initial share price, the payout at maturity will be par plus the absolute value of the ETF return. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Contingent absolute return autocallable optimization securities
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Underlying ETF: | iShares MSCI Brazil ETF
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Amount: | $600,000
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Maturity: | June 21, 2024
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | If final share price is greater than or equal to trigger price, par plus absolute value of ETF return; otherwise, full exposure to share price decline
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Call: | Automatically at par plus 18% per year if shares close at or above initial share price on any observation date, which occurs every two months
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Initial share price: | $27.92
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Trigger price: | $15.74, 56.38% of initial price
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Pricing date: | June 17
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Settlement date: | June 22
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90303R857 ISIN
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