Published on 2/3/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.57 million trigger autocallable notes on S&P, Russell, Dow
By William Gullotti
Buffalo, N.Y., Feb. 3 – UBS AG, London Branch priced $2.57 million of 0% trigger autocallable notes due Feb. 4, 2027 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 9.25% annualized call premium if each index closes at or above its call threshold, 92% of initial level, on any semiannual 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 Financial Services Inc. 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: | $2,566,000
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Maturity: | Feb. 4, 2027
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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 9.25% annualized call premium if all indexes close at or above call threshold on any semiannual observation date after one year
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Initial levels: | 35,131.86 for Dow, 4,515.55 for S&P, 2,028.453 for Russell
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Call thresholds: | 32,321.31 for Dow, 4,154.31 for S&P, 1,866.177 for Russell; 92% of initial levels
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Downside thresholds: | 26,348.9 for Dow, 3,386.66 for S&P, 1,521.34 for Russell; 75% of initial levels
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Pricing date: | Jan. 31
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Settlement date: | Feb. 7
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Agent: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | None
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Cusip: | 90279DUF1
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