Published on 5/18/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $850,000 capped return-enhanced market-linked notes on commodity basket
Chicago, May 18 – UBS AG, London Branch priced $850,000 of 0% capped return-enhanced market-linked notes due Dec. 29, 2023 linked to the performance of an equally-weighted basket of eight commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas futures, corn, soybeans, wheat, copper and zinc.
If the basket finishes positive, the payout at maturity will be par plus two times the basket gain, subject to a maximum return of par plus 25%.
Otherwise, investors will be exposed to the basket loss with a minimum payout of $973.50 per $1,000 note.
UBS Investment Bank is the agents with J.P. Morgan Securities LLC as placement agent.
| Issuer: | UBS AG, London Branch
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| Issue: | Capped return-enhanced market-linked notes
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| Underlying assets: | West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas futures, corn, soybeans, wheat, copper, zinc; equal weights
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| Amount: | $850,000
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| Maturity: | Dec. 29, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the basket finishes positive, par plus two times basket gain capped at 25%; otherwise, exposure to basket decline with minimum payout of $973.50 per $1,000 note
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| Initial prices: | $107.62 for WTI, $113.12 for Brent, $6.22 for natural gas, $7.5025 for corn, $16.1075 for soybeans, $9.2375 for wheat, $8,280.50 for copper, $3,540 for zinc
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| Pricing date: | June 24, 2022
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| Settlement date: | June 29, 2022
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| Agents: | UBS Investment Bank with J.P. Morgan Securities LLC as placement agent
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| Fees: | 1.25%
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| Cusip: | 90279FJQ5
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