Published on 12/21/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $10 million trigger in-digital notes linked to S&P, Russell
By William Gullotti
Buffalo, N.Y., Dec. 21 – UBS AG, London Branch priced $10 million of 0% trigger in-digital notes due Dec. 7, 2022 linked to lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of each index is greater than or equal to its digital barrier, 70% of its initial level, the payout at maturity will be par of $10 plus 7.5%. If the final level of either index is less than its downside threshold, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger in-digital notes
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $10 million
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Maturity: | Dec. 7, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final level of each index is greater than or equal to digital barrier, par plus 7.5%; if final level of either index is less than downside threshold, 1% loss for every 1% that lesser-performing index declines from initial level
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Initial levels: | 4,571.05 for S&P, 2,178.06 for Russell
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Digital barriers: | 3,199.74 for S&P, 1,524.642 for Russell; 70% of initial levels
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Strike date: | Nov. 30
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Pricing date: | Dec. 1
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Settlement date: | Dec. 6
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 0.4%
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Cusip: | 90285D272
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