Published on 12/28/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $6.6 million trigger autocallable notes on S&P, Russell, Dow
By Kiku Steinfeld
Chicago, Dec. 29 – UBS AG, London Branch priced $6.6 million of 0% trigger autocallable notes due Dec. 3, 2026 linked to the least performing of the Dow Jones industrial average, 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 a 11.9% annualized premium if each index closes at or above its initial level on any quarterly observation date after one year.
If the notes are not called, the payout at maturity will be par unless any index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable notes
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Underlying indexes: | Dow Jones industrial average, S&P 500 index, Russell 2000 index
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Amount: | $6,595,000
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Maturity: | Dec. 3, 2026
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Coupon: | 0%
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Price: | Par
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Call: | At par plus 11.9% annualized premium if all indexes close at or above its initial level on any quarterly observation date after one year
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Payout at maturity: | Par unless any index finishes below downside threshold, in which case 1% loss for each 1% decline of worst performing index
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Initial levels: | 34,022.04 for Dow, 4,513.04 for S&P, 2,147.420 for Russell
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Downside thresholds: | 23,815.43 for Dow, 3,159.13 for S&P, 1,503.194 for Russell; 70% of initial levels
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Pricing date: | Dec. 1
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Settlement date: | Dec. 6
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Agent: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 0.6%
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Cusip: | 90279DRN8
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