Published on 10/16/2023 in the Prospect News Structured Products Daily.
New Issue: UBS sells $51,000 trigger callable contingent yield notes on Russell 2000
By Kiku Steinfeld
Chicago, Oct. 16 – UBS AG, London Branch priced $51,000 of trigger callable contingent yield notes due April 2, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at a rate of 8.45% per year if the index closes at or above its coupon barrier level, 70% of its initial level, on the related quarterly observation date.
The notes may be called at par plus any coupon due on any quarterly observation date after six months.
The payout at maturity will be par plus unless the index finishes at or below the downside threshold level, 70% of the initial level, in which case investors will lose 1% for every 1% decline of the index from its initial level.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger callable contingent yield notes
|
| Underlying index: | Russell 2000
|
| Amount: | $51,000
|
| Maturity: | April 2, 2025
|
| Coupon: | 8.45% per year, payable quarterly if the index closes at or above its coupon barrier on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless index finishes below downside threshold, in which case 1% loss for each 1% drop below initial level
|
| Call option: | At par plus any coupon on any quarterly observation date after six months
|
| Initial level: | 1,752.632
|
| Coupon barrier: | 1,226.842, 70% of initial level
|
| Downside threshold: | 1,226.842, 70% of initial level
|
| Pricing date: | March 28, 2023
|
| Settlement date: | March 31, 2023
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 1.75%
|
| Cusip: | 90279F6S5
|
|
|
|
|
© 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.
