Published on 2/24/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.15 million capped market-linked notes on commodity basket
Chicago, Feb. 24 – UBS AG, London Branch priced $1.15 million of 0% capped market-linked notes due Nov. 3, 2023 linked to the performance of an equally-weighted basket of eight commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas futures, corn, soybeans, wheat, copper and zinc.
If the basket finishes positive, the payout at maturity will be par plus the basket gain, subject to a maximum return of par plus 26%.
Otherwise, investors will be exposed to the losses of the basket with a minimum payout of $975 per $1,000 note.
UBS Investment Bank is the agents with J.P. Morgan Securities LLC as placement agent.
Issuer: | UBS AG, London Branch
|
Issue: | Capped market-linked notes
|
Underlying assets: | West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas futures, corn, soybeans, wheat, copper, zinc; equal weights
|
Amount: | $1,150,000
|
Maturity: | Nov. 3, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the basket finishes positive, par plus basket gain capped at 26%; otherwise, full exposure to losses of basket with a minimum payout $975 per $1,000 note
|
Initial prices: | $104.69 for WTI, $109.34 for Brent, $7.244 for natural gas, $8.1825 for corn, $17.0825 for soybeans, $10.4375 for wheat, $9,820.50 for copper, $4,212 for zinc
|
Strike date: | April 29, 2022
|
Pricing date: | May 3, 2022
|
Settlement date: | May 5, 2022
|
Agents: | UBS Investment Bank with J.P. Morgan Securities LLC as placement agent
|
Fees: | 1.25%
|
Cusip: | 90279FBA8
|
|
© 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.