Published on 7/20/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.55 million trigger autocallable notes linked to indexes, ETF
By Wendy Van Sickle
Columbus, Ohio, July 20 – UBS AG, London Branch priced $1.55 million of 0% trigger autocallable notes due July 6, 2027 linked to the performance of the Russell 2000 index, the S&P 500 index and the SPDR S&P Homebuilders ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 16% annualized call premium if each underlier closes at or above its call level, 90% of initial level, on any annual observation date.
If the notes are not called, the payout at maturity will be par unless any underlier finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performer.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable notes
|
| Underlying assets: | Russell 2000 index, S&P 500 index, SPDR S&P Homebuilders ETF
|
| Amount: | $1,546,000
|
| Maturity: | July 6, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless any underlier finishes below downside threshold, in which case 1% loss for each 1% decline of worst performer from initial level
|
| Call: | At par plus a 16% annualized call premium if each underlier closes at or above call level on any annual observation date
|
| Initial levels: | $80.30 for ETF, 4,450.38 for S&P, 1,888.734 for Russell
|
| Call levels: | $72.27 for ETF, 4,005.34 for S&P, 1,699.861 for Russell; 90% of initial levels
|
| Downside thresholds: | $56.21 for ETF, 3,115.27 for S&P, 1,322.114 for Russell; 70% of initial levels
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | None
|
| Cusip: | 90279GVU0
|
|
|
|
|
© 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.
