Published on 4/4/2022 in the Prospect News Structured Products Daily.
New Issue: UBS sells $3.69 million trigger gears tied to EAFE, Stoxx
By William Gullotti
Buffalo, N.Y., April 4 – UBS AG, London Branch priced $3.69 million of 0% trigger gears due Jan. 29, 2027 linked to the Euro Stoxx 50 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index return is positive, the payout at maturity will be par plus 2.7 times the least performing index return.
If any index falls by up to 40%, the payout will be par.
Investors will lose 1% for every 1% decline of the worst performer from its initial level if it finishes below the 60% downside threshold.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger gears
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| Underlying index: | Euro Stoxx 50 index, MSCI EAFE index
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| Amount: | $3,691,000
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| Maturity: | Jan. 29, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index return is positive, par plus 2.7 times the least performing index return; if any index falls by up to downside threshold, par; otherwise, 1% loss for every 1% decline of the worst performer from its initial level
|
| Initial index level: | 3,902.52 for Stoxx, 2,181.63 for EAFE
|
| Downside threshold: | 2,341.51 for Stoxx, 1,308.98 for EAFE; 60% of initial level
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 0.25%
|
| Cusip: | 90279DT30
|
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