Published on 3/25/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $107,696 9.56% trigger yield optimization notes linked to Signature
New York, March 25 – UBS AG, London Branch priced $107,696.41 of 9.56% trigger yield optimization notes due March 28, 2023 linked to the common stock of Signature Bank, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $299.99, which is equal to the initial share price of Signature stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Signature stock is less than 70% of the initial share price, in which case investors will receive one Signature share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Signature Bank (Nasdaq: SBNY)
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Amount: | $107,696.41
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Maturity: | March 28, 2023
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Coupon: | 9.56%, payable monthly
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Price: | Par of $299.99
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Payout at maturity: | If final share price is less than trigger price, one Signature share; otherwise, par
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Initial share price: | $299.99
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Trigger price: | $209.99, 70% of initial price
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Pricing date: | March 23
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Settlement date: | March 25
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90303H693
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