Published on 4/14/2022 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1 million trigger autocallable notes on index, ETF
By Kiku Steinfeld
Chicago, April 14 – UBS AG, London Branch priced $1 million of 0% trigger autocallable notes due Oct. 1, 2026 linked to the SPDR Euro Stoxx 50 ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a 13.5% annualized premium if each asset closes at or above its initial level on any annual observation date prior to maturity.
If the notes are not called and each asset finishes at or above its 60% downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the lesser performing asset’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 autocallable notes
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Underlying assets: | SPDR Euro Stoxx 50 ETF, Russell 2000
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Amount: | $1 million
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Maturity: | Oct. 1, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par unless either asset finishes below downside threshold, in which case full exposure to decline of lesser performing asset
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Call: | Automatically at par plus 13.5% annualized premium if each asset closes at or above initial level on any annual observation date prior to maturity
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Initial levels: | $47.21 for ETF, 2,281.003 for index
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Downside thresholds: | $28.33 for ETF, 1,368.602 for index; 60% of initial levels
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Pricing date: | Sept. 27
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Settlement date: | Sept. 30
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 0.5%
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Cusip: | 90279DHX7
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