Published on 2/11/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $603,000 trigger callable yield notes linked to AA
Chicago, Feb. 11 – UBS AG, London Branch priced $603,000 of 15.15% trigger callable yield notes due May 29, 2024 linked to the common stock of American Airlines Group Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any quarterly call date.
The payout at maturity will be par unless the stock finishes below its 50% downside threshold level, in which case investors will be fully exposed to the losses.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger callable yield notes
|
| Underlying stock: | American Airlines Group Inc.
|
| Amount: | $603,000
|
| Maturity: | May 29, 2024
|
| Coupon: | 15.15% per year, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless stock finishes below downside threshold, in which case full exposure to losses of stock
|
| Call option: | At par on any quarterly call date
|
| Initial level: | $14.07
|
| Downside threshold: | $7.04, 50% of initial level
|
| Pricing date: | May 23, 2023
|
| Settlement date: | May 26, 2023
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 1%
|
| Cusip: | 90279GKV0
|
|
|
© 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.
