Published on 4/21/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4.6 million trigger gears linked to weighted index basket
By William Gullotti
Buffalo, N.Y., April 21 – UBS AG, London Branch priced $4.6 million of 0% trigger gears due April 21, 2027 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.
If the basket return is positive, the payout at maturity will be par plus 1.97 times the basket return.
If the basket falls by up to 25%, the payout will be par. Otherwise, investors will be fully exposed to the basket’s decline from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger gears
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| Underlying indexes: | Euro Stoxx 50 index (40% weight), Nikkei 225 index (25% weight), FTSE 100 index (17.5% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
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| Amount: | $4,599,000
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| Maturity: | April 21, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the basket finishes flat or gains, par plus 1.97 times the return; if the basket declines no farther than downside threshold, par; otherwise, 1% loss for every 1% decline from initial level
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| Initial index levels: | 3,830.76 for Stoxx, 26,985.09 for Nikkei, 7,601.28 for FTSE, 12,281.42 for Swiss Market, 7,565.207 for S&P/ASX
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| Downside threshold: | 75% of initial level
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| Pricing date: | April 19
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| Settlement date: | April 21
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3.5%
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| Cusip: | 9026MP239
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