Published on 9/26/2022 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.24 million 10.5% trigger autocallable yield notes on Amazon, Starbucks
By William Gullotti
Buffalo, N.Y., Sept. 26 – UBS AG, London Branch priced $1.24 million of 10.5% trigger autocallable yield notes due Sept. 26, 2024 linked to the stock performance of Amazon.com, Inc. and Starbucks Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The notes will be automatically called at par plus a fixed coupon if each stock closes at or above its initial level on any quarterly valuation date after three months.
If the notes have not been called and each stock finishes at or above its 60% downside threshold, the payout at maturity will be par plus the final fixed coupon.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from 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 yield notes
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| Underlying stocks: | Amazon.com, Inc., Starbucks Corp.
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| Amount: | $1,239,000
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| Maturity: | Sept. 26, 2024
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| Coupon: | 10.5% per annum, payable monthly
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above its downside threshold, par plus final fixed coupon; otherwise, full exposure to decline of worst performer from initial level
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| Call option: | Automatically par plus coupon if each stock closes at or above its initial level on any quarterly valuation date after three months
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| Initial levels: | $118.54 for Amazon, $88.60 for Starbucks
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| Downside thresholds: | $71.12 for Amazon, $53.16 for Starbucks; 60% of initial levels
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| Pricing date: | Sept. 21
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| Settlement date: | Sept. 26
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 3%
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| Cusip: | 90279FTC5
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