Published on 5/1/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.01 million step-down trigger autocallable notes on Russell, S&P, Nasdaq
Chicago, May 3 – UBS AG, London Branch priced $1.01 million of step-down trigger autocallable notes due March 20, 2026 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an 10.25% annualized call premium if all three indexes close above their initial levels on any quarterly observation after 15 months.
At maturity, investors will receive par plus the 51.25% final premium if all three indexes close above their 75% downside threshold levels on the final valuation date.
If any index finishes below its downside threshold, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Step-down trigger autocallable notes
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $1,010,000
|
| Maturity: | March 20, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 10.25% annualized call premium if all indexes close above initial level on any quarterly observation after 15 months
|
| Payout at maturity: | Par plus 51.25% unless any index finishes below downside threshold level, in which case 1% loss for each 1% decline of worse performing index from initial level
|
| Initial levels: | 13,202.38 for Nasdaq, 3,974.12 for S&P, 2,336.392 for Russell
|
| Downside thresholds: | 9,901.79 for Nasdaq, 2,980.59 for S&P, 1,752.294 for Russell; 75% of initial levels
|
| Pricing date: | March 17
|
| Settlement date: | March 22
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 0.75%
|
| Cusip: | 90276BUA9
|
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