Published on 3/6/2022 in the Prospect News Structured Products Daily.
New Issue: UBS sells $750,000 trigger autocallable contingent yield notes on two stocks
By Kiku Steinfeld
Chicago, March 7 – UBS AG, London Branch priced $750,000 of trigger autocallable contingent yield notes due Sept. 13, 2024 linked to the common stocks of Amazon.com, Inc. and Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 8.65% per year if the shares of each stock close at or above the coupon barrier level, 70% of the initial share price, on the observation date for that quarter.
The notes will be automatically called at par if the shares of each stock close at or above the initial share price on any observation date other than the final one.
If the notes are not called and the final share price of each stock is greater than or equal to the downside threshold level, 70% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price of the lesser performing stock is less than the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying stocks: | Amazon.com, Inc. and Facebook, Inc.
|
| Amount: | $750,000
|
| Maturity: | Sept. 13, 2024
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| Contingent coupon: | 8.65%, payable quarterly if each stock closes at or above coupon barrier level on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless either stock finishes below downside threshold level, in which case 1% loss for each 1% decline of lesser performing from initial level
|
| Call: | At par if each stock closes at or above initial level on any quarterly observation date other than the final one
|
| Initial prices: | $3,469.15 for Amazon, $378.69 for Facebook
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| Coupon barriers: | $2,428.41 for Amazon, $265.08 for Facebook, 70% of initial prices
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| Downside thresholds: | $2,428.41 for Amazon, $265.08 for Facebook, 70% of initial prices
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| Pricing date: | Sept. 10
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| Settlement date: | Sept. 15
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90279DGD2
|
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