Published on 9/6/2022 in the Prospect News Structured Products Daily.
New Issue: UBS sells $4.65 million autocallable trigger jump securities on Nasdaq, Russell, S&P
By William Gullotti
Buffalo, N.Y., Sept. 6 – UBS AG, London Branch priced $4.65 million of 0% trigger jump securities with autocallable feature due Sept. 3, 2027 linked to the performance 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 be automatically called at par plus an 11% annualized call premium if each index closes at or above its initial level on any quarterly observation date after one year.
If each index finishes flat or positive, the payout at maturity will be par plus 55%.
The payout will be par if the worst performer declines by 30% or less. Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.
UBS Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | UBS AG, London Branch
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| Issue: | Trigger jump securities with autocallable feature
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index, S&P 500 index
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| Amount: | $4,645,500
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| Maturity: | Sept. 3, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If each index finishes flat or positive, par plus 55%; par if the worst performer declines by 30% or less; otherwise, 1% loss for each 1% decline of the worst performer from initial level
|
| Call feature: | Automatically at par plus an 11% annualized call premium if each index closes at or above its initial level on any quarterly observation date after one year
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| Initial levels: | 12,272.03 for Nasdaq, 1,844.115 for Russell, 3,955.0 for S&P
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| Downside thresholds: | 8,590.42 for Nasdaq, 1,290.881 for Russell, 2,768.5 for S&P; 70% of initial levels
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
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| Agent: | UBS Securities LLC
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| Distribution: | Morgan Stanley Wealth Management
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| Fees: | 3.25%
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| Cusip: | 90289U791
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