Published on 4/12/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4.52 million trigger autocallable notes on S&P, Russell, Dow
Chicago, April 12 – UBS AG, London Branch priced $4.52 million of 0% trigger autocallable notes due Jan. 24, 2029 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 9.5% annualized call premium if each index closes at or above 92% of 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 75% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.
UBS Securities LLC 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: | $4,520,000
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| Maturity: | Jan. 24, 2029
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| Coupon: | 0%
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| Price: | Par
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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 from initial level
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| Call: | At par plus a 9.5% annualized call premium if all indexes close at or above 92% of initial levels on any quarterly observation date after one year
|
| Initial levels: | 37,863.80 for Dow, 4,839.81 for S&P, 1,944.391 for Russell
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| Downside thresholds: | 28,397.85 for Dow, 3,629.86 for S&P, 1,458.293 for Russell; 75% of initial levels
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| Call threshold levels: | 34,834.70 for Dow, 4,452.63 for S&P, 1,788.84 for Russell; 92% of initial levels
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agent: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 0%
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| Cusip: | 90279WYU2
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