Published on 1/28/2022 in the Prospect News Structured Products Daily.
New Issue: UBS sells $785,000 step down trigger autocallable notes on Russell, S&P, Nasdaq
By William Gullotti
Buffalo, N.Y., Jan. 28 – UBS AG, London Branch priced $785,000 of step down trigger autocallable notes due Sept. 3, 2026 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an 8.5% annualized call premium if all three indexes close above their initial levels on any annual observation except the final observation date, for which the call level will be equal to the 74% downside threshold level.
The notes will be called at par plus the 42.5% final premium of all three indexes close above their downside threshold levels on the final call date.
If any index finishes below its downside threshold, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Step down trigger autocallable notes
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index, S&P 500 index
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Amount: | $785,000
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Maturity: | Sept. 3, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 42.5% unless any index finishes below downside threshold level, in which case 1% loss for each 1% decline of worse performing index from initial level
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Call: | At par plus 8.5% annualized call premium if all indexes close above initial level on any annual observation except the final observation date, for which the call level will be equal to the downside threshold
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Initial levels: | 15,582.51 for Nasdaq, 4,522.68 for S&P, 2,273.774 for Russell
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Downside thresholds: | 11,531.06 for Nasdaq, 3,346.78 for S&P, 1,682.593 for Russell; 74% of initial levels
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Pricing date: | Aug. 31
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Settlement date: | Sept. 3
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 0.25%
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Cusip: | 90279DFA9
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