Published on 2/7/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.23 million trigger autocallable contingent yield notes on three stocks
Chicago, Feb. 7 – UBS AG, London Branch priced $1.23 million of trigger autocallable contingent yield notes due April 19, 2023 linked to the least performing of the stocks of Boeing Co., General Electric Co. and Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at the rate of 15% per year if each stock closes at or above its coupon barrier, 60% of its initial level, on the corresponding observation date.
The notes will be automatically called at par plus coupon if the shares of each stock closes at or above its initial share price on any quarterly call observation date after six months.
If the notes are not called and the final share price of each stock is greater than or equal to the downside threshold level, 50% of the initial share price, the payout at maturity will be par plus any final coupon. Otherwise, investors will be fully exposed to the loss of the laggard stock.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying stocks: | Boeing Co., General Electric Co. and Ford Motor Co.
|
| Amount: | $1,225,000
|
| Maturity: | April 19, 2023
|
| Coupon: | 15% per year, paid quarterly, if each stock closes at or above its coupon barrier on the related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless any stock finishes below downside threshold level, in which case full exposure to losses of worst performer
|
| Call: | Automatically at par plus coupon if each stock closes at or above initial level on any quarterly call observation date after six months
|
| Initial levels: | $253.27 for Boeing, $13.44 for GE, $12.20 for Ford
|
| Coupon barrier levels: | $151.96 for Boeing, $8.06 for GE, $7.32 for Ford; 60% of initial levels
|
| Downside thresholds: | $126.64 for Boeing, $6.72 for GE, $6.10 for Ford; 50% of initial levels
|
| Pricing date: | April 14
|
| Settlement date: | April 19
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 0.25%
|
| Cusip: | 90276BYL1
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