Published on 12/11/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $601,000 trigger autocallable contingent yield notes on four stocks
By Kiku Steinfeld
Chicago, Dec. 13 – UBS AG, London Branch priced $601,000 of trigger autocallable contingent yield notes due Aug. 25, 2026 linked to the least performing of the common stocks of Shopify Inc., Skyworks Solutions, Inc., Square, Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
A contingent interest payment based on an annual 12.5% interest rate will be paid quarterly if each stock closes above its 50% coupon barrier on the related observation date.
The notes will be automatically called at par if the shares of each stock close at or above its initial share price on any quarterly call observation date.
If the notes are not called and the final share price of each stock is greater than or equal to the downside threshold level, 50% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price of the least performing stock is less than its initial share price.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger autocallable contingent yield notes
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Underlying stocks: | Shopify Inc., Skyworks Solutions, Inc., Square, Inc., and Nvidia Corp.
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Amount: | $601,000
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Maturity: | Aug. 25, 2026
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Contingent coupon: | 12.5% annual rate, paid quarterly if each stock closes above coupon barrier on related observation date
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Price: | Par
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Payout at maturity: | Par unless any stock finishes below downside threshold level, in which case 1% loss for each 1% decline of laggard stock from initial level
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Call: | Automatically at par if each stock closes at or above initial level on any quarterly call observation date
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Initial levels: | $208.16 for Nvidia, $1,450.70 for Shopify, $263.05 for Square, $178.88 for Skyworks
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Coupon barrier levels: | $104.08 for Nvidia, $725.35 for Shopify, $131.53 for Square, $89.44 for Skyworks; 50% of initial levels
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Downside thresholds: | $104.08 for Nvidia, $725.35 for Shopify, $131.53 for Square, $89.44 for Skyworks; 50% of initial levels
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Pricing date: | Aug. 20
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Settlement date: | Aug. 25
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 4%
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Cusip: | 90279DDT0
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