Published on 8/2/2023 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.15 million buffer autocallable yield notes on four stocks
Chicago, Aug. 2 – UBS AG, London Branch priced $1.15 million of 8.35% buffer autocallable yield notes due July 30, 2026 linked to the least performing of the stocks of Apple Inc., Amazon.com, Inc., Alphabet Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The notes will be automatically called at par if each stock closes at or above its initial level on any quarterly valuation date after one year.
If the notes have not been called and each stock finishes at or above its 80% downside threshold, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond the 20% buffer.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Buffer autocallable yield notes
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| Underlying stocks: | Apple Inc., Amazon.com, Inc., Alphabet Inc. and Microsoft Corp.
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| Amount: | $1,145,000
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| Maturity: | July 30, 2026
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| Coupon: | 8.35% per annum, payable monthly
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above its downside threshold, par; otherwise, 1% loss for each 1% decline beyond 20% buffer
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| Call option: | Automatically at par if each stock closes at or above its initial level on any quarterly valuation date after one year
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| Initial levels: | $194.50 for Apple, $128.15 for Amazon, $129.66 for Alphabet and $337.77 for Microsoft
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| Downside thresholds: | $155.60 for Apple, $102.52 for Amazon, $103.73 for Alphabet and $270.22 for Microsoft, or 80% of initial levels
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| Pricing date: | July 26
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| Settlement date: | July 31
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 3%
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| Cusip: | 90279GXD6
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