Published on 8/15/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.5 million trigger callable contingent yield notes on three indexes
By Kiku Steinfeld
Chicago, Aug. 16 – UBS AG, London Branch priced $2.5 million of trigger callable contingent yield notes due July 21, 2026 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a semiannual contingent coupon at an annual rate of 5.25% if each index’s closing level is at least 60% of its initial level on the corresponding observation date.
The notes will be callable at par on any semiannual observation date.
If the notes are not called and each index finishes at or above its 60% trigger level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger callable contingent yield notes
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index, S&P 500 index
|
| Amount: | $2.5 million
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| Maturity: | July 21, 2026
|
| Coupon: | 5.25% per year, payable semiannually if each index closes at or above its coupon barrier on the relevant observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus unless any index finishes below its trigger level, in which case full exposure to the losses of the worst performing index
|
| Call option: | At par on any semiannual observation date
|
| Initial levels: | 2,163.238 for Russell, 4,327.16 for S&P, 14,681.38 for Nasdaq
|
| Coupon barrier levels: | 1,297.943 for Russell, 2,596.30 for S&P, 8,808.83 for Nasdaq; 60% of initial levels
|
| Trigger levels: | 1,297.943 for Russell, 2,596.30 for S&P, 8,808.83 for Nasdaq; 60% of initial levels
|
| Pricing date: | July 16
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| Settlement date: | July 21
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90279DAY2
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