Published on 4/27/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $900,000 trigger callable contingent yield notes on Amazon
Chicago, April 27 – UBS AG, London Branch priced $900,000 of trigger callable contingent yield notes due Feb. 1, 2023 linked to the stock performance of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 14.25% if the stock’s closing level is at least 60% of its initial level on the corresponding observation date.
The notes will be callable at par plus any coupon otherwise due on any quarterly observation date.
If the notes are not called and the stock finishes at or above its 60% trigger level, the payout at maturity will be par plus the final coupon.
Otherwise, investors will be fully exposed to the stock’s decline from its initial level, payable as 2.1711 shares of Amazon.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger callable contingent yield notes
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Underlying stock: | Amazon.com, Inc.
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Amount: | $900,000
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Maturity: | Feb. 1, 2023
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Coupon: | 14.25% per year, payable quarterly if the stock closes at or above its coupon barrier level on the relevant observation date
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Price: | Par of $5,000
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Payout at maturity: | Par plus final coupon unless the stock finishes below its trigger level, in which case investors will be fully exposed to the stock’s decline from initial level, payable as 2.1711 shares of Amazon
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Call option: | At par plus any coupon otherwise due on any quarterly observation date
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Initial level: | $2,302.93
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Coupon barrier level: | $1,381.76; 60% of initial level
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Trigger level: | $1,381.76; 60% of initial level
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Pricing date: | May 27, 2022
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Settlement date: | June 2, 2022
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 0.5%
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Cusip: | 90279FDY4
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