Published on 5/16/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.21 million buffer autocallable contingent yield notes on Russell, SPDR fund
By William Gullotti
Buffalo, N.Y., May 17 – UBS AG London Branch priced $1.21 million of buffer autocallable contingent yield notes due Jan. 12, 2024 linked to the lesser performing of the Russell 2000 index and the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 6.5% if each asset closes at or above its 75% coupon barrier on the review date for that period.
The notes will be called at par if each asset closes at or above its initial level on any monthly review date after six months.
The payout at maturity will be par unless either asset finishes below its 80% downside threshold level, in which case investors will be exposed to any losses of the worse performing asset beyond the 20% buffer.
UBS Securities LLC and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Buffer autocallable contingent yield notes
|
| Underlying assets: | Russell 2000 index and Energy Select Sector SPDR Fund
|
| Amount: | $1,205,000
|
| Maturity: | Jan. 12, 2024
|
| Coupon: | 6.5% annual rate, payable monthly if each asset closes at or above coupon barrier on related observation date
|
| Price: | Par
|
| Call: | Notes will be called at par if each asset closes at or above its initial level on any monthly review date after six months
|
| Payout at maturity: | Par unless either asset closes below buffer level, in which case 1% loss for each 1% decline of lesser performing asset beyond buffer
|
| Initial levels: | 2,243.474 for Russell, $48.19 for fund
|
| Coupon barrier levels: | 1,682.606 for Russell, $36.14 for fund; 75% of initial levels
|
| Buffer levels: | 1,794.779 for Russell, $38.55 for fund; 80% of initial levels
|
| Pricing date: | April 9
|
| Settlement date: | April 14
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 3%
|
| Cusip: | 90276BWN9
|
© 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.
