Published on 3/9/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4.19 million trigger digital notes due 2023 tied to S&P
By Wendy Van Sickle
Columbus, Ohio, March 9 – UBS AG, London Branch priced $4.19 million of 0% trigger digital notes due March 22, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 8.27% unless the index finishes below the 80% downside threshold, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger digital notes
|
| Underlying index: | S&P 500 index
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| Amount: | $4,185,000
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| Maturity: | March 22, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 8.27% unless index finishes below 80% downside threshold, in which case full exposure to any losses
|
| Initial level price: | 4,328.87
|
| Downside threshold | 3,463.1, 80% of initial level
|
| Pricing date: | March 4
|
| Settlement date: | March 9
|
| Agent: | J.P. Morgan Securities LLC and UBS Investment Bank
|
| Fees: | 1%
|
| Cusip: | 90279DH90
|
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