Published on 3/11/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $312,000 trigger autocallables linked to Skechers
New York, March 11 – UBS AG, London Branch priced $312,000 of 0% trigger autocallable optimization securities due March 15, 2023 linked to the common stock of Skechers U.SA, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 22.37% per year if Skechers shares close at or above the initial share price on any observation date, which occurs every year.
If the notes are not called and Skechers shares finish at or above the trigger price, 70% of the initial share price, the payout at maturity will be par. Otherwise, investors will be exposed to the share price decline from the initial price.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable optimization securities
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Underlying stock: | Skechers U.SA, Inc. (NYSE: SKX)
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Amount: | $312,000
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Maturity: | March 15, 2023
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par if Skechers shares finish at or above trigger price; otherwise, full exposure to share price decline
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Call: | Automatically at par plus 22.37% per year if Skechers shares close at or above initial share price on any observation date, which occurs every year
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Initial share price: | $37.87
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Trigger price: | $26.51, 70% of initial price
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Pricing date: | March 10
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Settlement date: | March 14
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90303G604
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