Published on 1/25/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $35.03 million trigger autocallable contingent yield notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Jan. 25 – UBS AG, London Branch priced $35.03 million of trigger autocallable contingent yield notes due Jan. 24, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly coupon at the rate of 7.03% per year if the index closes at or above its coupon barrier, 80% of its initial level, on any related observation date.
The notes will be automatically called at par plus coupon if the index closes at or above level on any quarterly call observation date after six months.
If the notes are not called and the index finishes at or above the downside threshold level, 80% of the initial level, the payout at maturity will be par plus the final coupon. Otherwise, investors will be fully exposed to losses.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying index: | S&P 500 index
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| Amount: | $35,029,300
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| Maturity: | Jan. 24, 2025
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| Coupon: | 7.03% per year, paid quarterly, if the index closes at or above its coupon barrier on any related observation date
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus the final coupon unless the index finishes below downside threshold level, in which case 1% loss for each 1% decline from initial level
|
| Call: | Automatically at par plus coupon if the index closes at or above initial level, on any quarterly call observation date after six months
|
| Initial level: | 4,482.73
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| Coupon barrier level: | 3,586.18; 80% of initial level
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| Downside threshold: | 3,586.18; 80% of initial level
|
| Pricing date: | Jan. 20
|
| Settlement date: | Jan. 25
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90285D751
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