Published on 3/27/2024 in the Prospect News Structured Products Daily.
New Issue: UBS sells $2.22 million buffer callable contingent yield notes on Russell, S&P
By Wendy Van Sickle
Columbus, Ohio, March 27 – UBS AG, London Branch priced $2.22 million of buffer callable contingent yield notes due March 25, 2027 linked to the performance of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 10% if each index closes at or above its 86% coupon barrier on the corresponding review date.
The notes are callable at par on any monthly observation date after one year.
The payout at maturity will be par plus the final coupon unless the least performing index falls by more than 14%, in which case investors will lose 1% for each 1% decline of the worst performer beyond 14%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Buffer callable contingent yield notes
|
| Underlying assets: | Russell 2000 index, S&P 500 index
|
| Amount: | $2,224,000
|
| Maturity: | March 25, 2027
|
| Coupon: | 10% annual rate, payable monthly if each index closes at or above coupon barrier level on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless least performing index falls by more than 14%, in which case lose 1% for each 1% decline of worst performer beyond 14%
|
| Call option: | At par on any monthly observation date after one year
|
| Initial level: | 5,234.18 for S&P, 2,071.998 for Russell
|
| Coupon barrier levels: | 4,501.39 for S&P, 1,781.918 for Russell; 86% of initial levels
|
| Buffer levels: | 4,501.39 for S&P, 1,781.918 for Russell; 86% of initial levels
|
| Pricing date: | March 22
|
| Settlement date: | March 27
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 0.7%
|
| Cusip: | 9026745E6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
