Published on 10/5/2022 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.34 million 9.1% trigger autocallable yield notes on tech stocks
By Wendy Van Sickle
Columbus, Ohio, Oct. 5 – UBS AG, London Branch priced $1.34 million of 9.1% trigger autocallable yield notes due Oct. 2, 2025 linked to the stock performance of Apple Inc., Amazon.com, Inc., Microsoft Corp. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The notes will be automatically called at par plus a fixed coupon if each stock closes at or above its initial level on any monthly valuation date after six months.
If the notes have not been called and each stock finishes at or above its 55% downside threshold, the payout at maturity will be par plus the final fixed coupon.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable yield notes
|
| Underlying stocks: | Apple Inc., Amazon.com, Inc., Alphabet Inc. and Microsoft Corp.
|
| Amount: | $1.34 million
|
| Maturity: | Oct. 2, 2025
|
| Coupon: | 9.1% per annum, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If each stock finishes at or above its downside threshold, par plus final fixed coupon; otherwise, full exposure to decline of worst performer from initial level
|
| Call option: | Automatically par plus coupon if each stock closes at or above its initial level on any monthly valuation date after six months
|
| Initial levels: | $236.41 for Microsoft, $151.76 for Apple, $114.41 for Amazon, $98.09 for Alphabet
|
| Downside thresholds: | $130.03 for Microsoft, $83.47 for Apple, $62.93 for Amazon, $53.95 for Alphabet; 55% of initial levels
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 30
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3%
|
| Cusip: | 90279FSK8
|
|
|
© 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.
