Published on 11/19/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.7 million buffer autocallable contingent yield notes Russell, VanEck ETF
By William Gullotti
Buffalo, N.Y., Nov. 19 – UBS AG London Branch priced $1.7 million of buffer autocallable contingent yield notes due Nov. 20, 2026 linked to the lesser performing of the Russell 2000 index and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 7.5% if each underlier closes at or above its 75% coupon barrier on the relevant review date.
The notes will be called at par plus coupon if each underlier closes at or above its initial level on any monthly review date after one year.
The payout at maturity will be par plus the final coupon unless either underlier finishes below its 80% buffer level, in which case investors will be exposed to any losses of the worst performer beyond 20%.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Buffer autocallable contingent yield notes
|
| Underlying assets: | Russell 2000 index, VanEck Vectors Gold Miners ETF
|
| Amount: | $1,701,000
|
| Maturity: | Nov. 20, 2026
|
| Coupon: | 7.5%, payable monthly if each underlier closes at or above coupon barrier on observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless either underlier finishes below buffer level, in which case 1% loss for each 1% decline of lesser performing underlier beyond buffer
|
| Call: | Automatically at par plus coupon if each underlier closes at or above its initial level on any monthly review date after one year
|
| Initial level: | 2,377.008 for Russell, $34.56 for ETF
|
| Coupon barriers: | 1,782.756 for Russell, $25.92 for ETF; 75% of initial levels
|
| Buffer levels: | 1,901.606 for Russell, $27.65 for ETF; 80% of initial levels
|
| Pricing date: | Nov. 17
|
| Settlement date: | Nov. 22
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3.75%
|
| Cusip: | 90279DPC4
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
