Published on 3/29/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3.33 million step-down airbag autocallable notes on indexes, ETF
Chicago, March 29 – UBS AG, London Branch priced $3.33 million of 0% step-down airbag autocallable notes due March 20, 2026 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a 10% annual premium annually if all assets finish above their initial levels on an annual observation date.
If not called, the payout at maturity will be par plus the maturity date call premium of 50% if all assets finish above their 75% downside thresholds.
Otherwise, investors will lose 1.3333% for each 1% decline of the least-performing asset beyond the 25% threshold percentage.
UBS Securities LLC. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Step-down airbag autocallable yield notes
|
| Underlying assets: | Nasdaq-100 index, the Russell 2000 index and the iShares MSCI Emerging Markets ETF
|
| Amount: | $3,330,000
|
| Maturity: | March 20, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 50% call premium if all assets finish above downside threshold levels; otherwise, 1.3333% loss for each 1% decline of worst performer beyond 25% threshold percentage
|
| Call: | At par plus 10% annualized return if all assets close above initial level on any annual determination date
|
| Initial levels: | 13,202.38 for Nasdaq, 2,336.392 for Russell and $54.42 for MSCI EM
|
| Downside threshold levels: | 9,901.79 for Nasdaq, 1,752.294 for Russell and $40.82 for MSCI EM, 75% of initial levels
|
| Pricing date: | March 17
|
| Settlement date: | March 22
|
| Agents: | UBS Securities LLC. and UBS Investment Bank
|
| Fees: | 0.25%
|
| Cusip: | 90276BUM3
|
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