Published on 3/14/2023 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.35 million buffer autocallable contingent yield notes Russell, Nasdaq
By William Gullotti
Buffalo, N.Y., March 14 – UBS AG London Branch priced $1.35 million of buffer autocallable contingent yield notes due March 13, 2025 linked to the lesser performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 13% if each index closes at or above its 85% coupon barrier on the relevant observation date.
The notes will be called at par plus coupon if each index closes at or above its initial level on any monthly review date after six months.
The payout at maturity will be par plus the final coupon unless either index finishes below its 85% buffer level, in which case investors will lose 1% for every 1% the worst performing index declines beyond 15%.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Buffer autocallable contingent yield notes
|
| Underlying indexes: | Russell 2000 index, Nasdaq-100 index
|
| Amount: | $1.35 million
|
| Maturity: | March 13, 2025
|
| Coupon: | 13%, payable monthly if each index closes at or above coupon barrier on observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless any index closes below buffer level, in which case 1% loss for each 1% decline of the worst performing index beyond buffer
|
| Call: | Automatically at par plus coupon if each index closes at or above its initial level on any monthly review date after six months
|
| Initial level: | 11,830.28 for Nasdaq, 1,772.702 for Russell
|
| Coupon barriers: | 10,055.74 for Nasdaq, 1,506.797 for Russell; 85% of initial levels
|
| Buffer levels: | 10,055.74 for Nasdaq, 1,506.797 for Russell; 85% of initial levels
|
| Pricing date: | March 10
|
| Settlement date: | March 15
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 0.5%
|
| Cusip: | 90279F6E6
|
|
|
© 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.
