New Issue: UBS prices $500,000 21.05% trigger yield notes linked to SoFi

Chicago, Feb. 11 – UBS AG, London Branch priced $500,000 of 21.05% trigger yield notes due May 23, 2024 linked to the common stock of SoFi Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the final price of the stock is less than 50% of the initial share price, in which case investors will be fully exposed to the loss, paid in stock.

UBS Securities LLC and UBS Investment Bank are the underwriters.

Issuer:	UBS AG, London Branch
Issue:	Trigger yield notes
Underlying stock:	SoFi Technologies, Inc.
Amount:	$500,000
Maturity:	May 23, 2024
Coupon:	21.05% annual rate, payable monthly
Price:	Par of $1,000
Payout at maturity:	If final share price is less than trigger price, full exposure to loss payable as 202.8398 shares; otherwise, par
Initial share price:	$4.93
Trigger price:	$2.47, 50% of initial price
Strike date:	May 19, 2023
Pricing date:	May 22, 2023
Settlement date:	May 25, 2023
Underwriters:	UBS Securities LLC and UBS Investment Bank
Fees:	0.2%
Cusip:	90279GKX6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.