Published on 8/23/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $5.51 million trigger callable contingent yield notes on three indexes
Chicago, Aug. 23 – UBS AG, London Branch priced $5.51 million of trigger callable contingent yield notes due Aug. 22, 2025 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 pay a semiannual contingent coupon at an annual rate of 8.25% if each index’s closing level is at least 60% of its initial level on the applicable observation date.
The notes will be callable at par on any semiannual observation date.
If the worst performer finishes above its 60% downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger callable contingent yield notes
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index, S&P 500 index
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Amount: | $5,505,000
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Maturity: | Aug. 22, 2025
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Coupon: | 8.25% per year, payable semiannually if each index closes at or above its coupon barrier on related observation period
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Price: | Par
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Payout at maturity: | Par plus final coupon if the worst performer finishes above downside threshold level; otherwise, investors will be fully exposed to the losses of the worst performing index
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Call: | At par on any semiannual observation date at option of issuer
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Initial levels: | 13,242.90 for Nasdaq, 1,957.346 for Russell, 4,228.48 for S&P
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Coupon barrier levels: | 7,945.74 for Nasdaq, 1,174.408 for Russell, 2,537.09 for S&P; 60% of initial levels
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Downside threshold levels: | 7,945.74 for Nasdaq, 1,174.408 for Russell, 2,537.09 for S&P; 60% of initial levels
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Pricing date: | Aug. 19
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Settlement date: | Aug. 24
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90279FNX5
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