By Kiku Steinfeld
Chicago, Feb. 7 – UBS AG, London Branch priced $310,000 of step down trigger autocallable notes due Nov. 14, 2025 linked to the performance of Freeport-McMoRan Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an 25.6% annualized call premium if the stock closes at or above the call level on any annual observation date. The call level starts at 100% of the initial share price and decreases by 5% per subsequent observation date.
If the notes are not called, the payout at maturity will be par if the stock finishes at or above the downside threshold level.
Otherwise, investors will lose 1% for each 1% decline of the stock from its initial share price.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Step down trigger autocallable notes
|
| Underlying stock: | Freeport-McMoRan Inc.
|
| Amount: | $310,000
|
| Maturity: | Nov. 14, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if notes are not called and stock finishes at or above downside threshold; otherwise, 1% loss for each 1% decline from initial share price
|
| Call: | At par plus 25.6% annualized call premium if stock closes at or above call level on any annual observation date; call level starts at 100% of initial level and decreases by 5% per subsequent observation date
|
| Initial share price: | $35.46
|
| Downside threshold: | $17.70, 50% of initial level
|
| Pricing date: | Nov. 8, 2022
|
| Settlement date: | Nov. 14, 2022
|
| Agents: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 2.25%
|
| Cusip: | 90279FXY2
|
|
|
|
|
© 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.
