New Issue: UBS sells $319,000 trigger autocallable contingent yield notes with memory on stocks

By Kiku Steinfeld

Chicago, Feb. 1 – UBS AG, London Branch priced $319,000 of trigger autocallable contingent yield notes with memory interest due Nov. 7, 2024 linked to the least performing of the common stocks of Apple Inc., Amazon.com, Inc. and DaVita Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at the rate of 20% per year if each stock closes at or above its coupon barrier, 60% of its initial level, on any related observation date. Previously unpaid coupons, if any, will be automatically included whenever a contingent payment is made.

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

If the notes are not called and the final share price of each stock is greater than or equal to the downside threshold level, 60% of the initial share price, the payout at maturity will be par plus the final coupon and any previously unpaid coupons. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than its initial share price.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger autocallable contingent yield notes with memory interest
Underlying stocks:	Apple Inc., Amazon.com, Inc., DaVita Inc.
Amount:	$319,000
Maturity:	Nov. 7, 2024
Coupon:	20% per year, paid monthly, if each stock closes at or above its coupon barrier on any related observation date; coupon payment events will automatically include any previously unpaid coupons
Price:	Par
Payout at maturity:	Par plus final coupon and any unpaid coupons unless any stock finishes below downside threshold level, in which case 1% loss for each 1% decline of laggard stock from initial level
Call:	Automatically at par plus coupon if each stock closes at or above initial level on any quarterly call observation date
Initial levels:	$145.03 for Apple, $92.12 for Amazon, $69.76 for DaVita
Coupon barrier levels:	$87.02 for Apple, $55.27 for Amazon, $41.86 for DaVita; 60% of initial levels
Downside thresholds:	$87.02 for Apple, $55.27 for Amazon, $41.86 for DaVita; 60% of initial levels
Pricing date:	Nov. 3, 2022
Settlement date:	Nov. 7, 2022
Agents:	UBS Securities LLC and UBS Investment Bank
Fees:	0.25%
Cusip:	90279FXW6

© 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.