Published on 12/7/2023 in the Prospect News Structured Products Daily.
New Issue: Issuer prices $700,000 trigger autocallables linked to Nasdaq, Russell, S&P
By Angela McDaniels
Tacoma, Wash., Dec. 7 – UBS AG, London Branch priced $700,000 of trigger autocallable contingent yield notes due April 5, 2028 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes pay a contingent coupon at the rate of 10.5% per year if each index closes at or above its downside threshold level, 70% of its initial level, on the observation date for that month.
After six months, the notes will be automatically called at par of $10 if each index closes at or above its initial level on any monthly observation date.
If the notes are not called and each index finishes at or above its downside threshold level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the least-performing index declines from its initial level.
UBS Securities LLC and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying indexes: | Nasdaq-100, Russell 2000 and S&P 500
|
| Amount: | $700,000
|
| Maturity: | April 5, 2028
|
| Coupon: | 10.5% per year, payable monthly if each index closes at or above downside threshold on observation date for that month
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and each index finishes at or above downside threshold level, par; otherwise, 1% loss for every 1% that least-performing index declines from initial level
|
| Call: | After six months, automatically at par if each index closes at or above initial level on any monthly observation date
|
| Initial levels: | 13,181.35 for Nasdaq, 1,802.484 for Russell and 4,109.31 for S&P
|
| Downside thresholds: | 9,226.95 for Nasdaq, 1,261.739 for Russell and 2,876.52 for S&P, or 70% of initial levels
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Underwriters: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 0.7%
|
| Cusip: | 90279GCH0
|
|
|
© 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.
