Published on 5/27/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $494,000 buffer autocallables linked to S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, May 27 – UBS AG London Branch priced $494,000 of 0% buffer autocallable notes due May 5, 2026 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus 9% per annum if both indexes close above their initial levels on an annual call observation date.
If the notes are not called, investors will receive par if the lesser performing index falls by up to 15% and will lose 1% for every 1% that the lesser performing index falls by more than 15%.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG London Branch
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Issue: | Buffer autocallable notes
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Underlying indexes: | S&P 500, Russell 2000
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Amount: | $494,000
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Maturity: | May 5, 2026
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Coupon: | 0%
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Price: | Par
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Call: | At par plus 9% annualized call premium if both indexes close above initial levels on an annual call date
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Payout at maturity: | Par if laggard index falls by up to 15%; exposure to decline of laggard index beyond 15%
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Initial index levels: | 2,266.449 for Russell, 4,181.17 for S&P
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Buffer levels: | 1,926.482 for Russell, 3,553.99 for S&P, 85% of initial levels
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Downside threshold: | 85% of initial level
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Pricing date: | April 30
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Settlement date: | May 5
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 0.75%
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Cusip: | 90276BXB4
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