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Published on 1/30/2024 in the Prospect News Structured Products Daily.

New Issue: UBS prices $20 million trigger autocallable contingent yield notes on Advanced Micro Devices

By Wendy Van Sickle

Columbus, Ohio, Jan. 30 – UBS AG, London Branch priced $20 million of trigger autocallable contingent yield notes due Jan. 29, 2026 linked to the common stock of Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at the rate of 15% per year if the stock closes at or above its coupon barrier, 53.6% of its initial share price, on the related observation date.

The notes will be automatically called at par plus coupon if the shares of the stock close at or above the initial share price on any quarterly call observation date.

If the notes are not called and the final share price is greater than or equal to the downside threshold level, 53.6% of the initial share price, the payout at maturity will be par plus the final coupon.

Otherwise, investors will lose 1% for every 1% decline in share price from the initial share price.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:UBS AG, London Branch
Issue:Trigger autocallable contingent yield notes
Underlying stock:Advanced Micro Devices, Inc.
Amount:$20 million
Maturity:Jan. 29, 2026
Coupon:15% per year, paid quarterly, if the stock closes at or above its coupon barrier on the related observation date
Price:Par of $10
Payout at maturity:Par plus the final coupon unless the stock finishes below downside threshold level, in which case investors will be fully exposed to the stock’s decline from its initial share price
Call:Automatically at par plus coupon if the stock closes at or above initial share price on any quarterly call observation date
Initial share price:$180.33
Coupon barrier level:$96.66; 53.6% of initial share price
Downside threshold:$96.66; 53.6% of initial share price
Strike date:Jan. 25
Pricing date:Jan. 26
Settlement date:Jan. 31
Agents:UBS Securities LLC and UBS Investment Bank
Fees:0.75%
Cusip:90303D122

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