Published on 3/4/2022 in the Prospect News Structured Products Daily.
New Issue: UBS sells $14 million trigger callable yield notes on S&P 500, Nasdaq-100
By Wendy Van Sickle
Columbus, Ohio, March 4 – UBS AG London Branch priced $14 million of 6% trigger callable yield notes due June 6, 2023 linked to the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on any coupon payment date after three months.
The payout at maturity will be par unless the least-performing index finishes below its 60% downside threshold level, in which case investors will lose 1% for each 1% decline of the least-performing index.
UBS Financial Services Inc. is the distributor.
Issuer: | UBS AG London Branch
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Issue: | Trigger callable yield notes
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Underlying indexes: | S&P 500 index and Nasdaq-100 index
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Amount: | $14 million
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Maturity: | June 6, 2023
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Coupon: | 6% per year, payable monthly
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Price: | Par
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Payout at maturity: | Par unless least-performing index finishes below downside threshold, in which case 1% loss for each 1% decline of least-performing index
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Call option: | At par on any coupon date after three months
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Initial level: | 4,373.94 for S&P, 14,237.81 for Nasdaq
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Downside threshold: | 2,624.36 for S&P, 8,542.69 for Nasdaq; 60% of initial level
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Strike date: | Feb. 28
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Pricing date: | March 1
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Settlement date: | March 4
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Distributor: | UBS Financial Services Inc.
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Fees: | 1%
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Cusip: | 90290V390
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