Published on 2/27/2023 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.29 million trigger autocallable yield notes with daily monitoring on Unity
Chicago, Feb. 27 – UBS AG, London Branch priced $1.29 million of 27.5% trigger autocallable yield notes with daily close monitoring knock-in due May 8, 2023 linked to the common stock of Unity Software Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be called at par plus accrued interest if the shares close at or above the initial share price on any quarterly observation date after six months.
If the notes are not called, the payout at maturity will be par unless the final price of the stock is less than the initial level and the stock has ever closed below 50% of the initial share price during the life of the notes, in which case investors will receive 14.7341 shares of Unity.
UBS Securities LLC and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger autocallable yield notes with daily close monitoring knock-in
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| Underlying stock: | Unity Software Inc.
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| Amount: | $1,286,000
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| Maturity: | May 8, 2023
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| Coupon: | 27.5%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless final share price is less than initial price and share price has ever closed below downside threshold level during life of notes, in which case cash amount equal to 14.7341 shares of Unity
|
| Call: | Automatically at par plus accrued interest if shares close at or above initial share price on any quarterly observation date after six months
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| Initial share price: | $67.87
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| Downside threshold level: | $33.94, 50% of initial price
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| Strike date: | May 3, 2022
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| Pricing date: | May 4, 2022
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| Settlement date: | May 6, 2022
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| Underwriters: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 1.11003%
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| Cusip: | 90279FBJ9
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