Published on 9/2/2022 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.93 million 11% trigger autocallable yield notes on four tech stocks
By William Gullotti
Buffalo, N.Y., Sept. 2 – UBS AG, London Branch priced $1.93 million of 11% trigger autocallable yield notes due Sept. 2, 2027 linked to the stock performance of Apple Inc., Amazon.com, Inc., Paycom Software, Inc. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The notes will be automatically called at par plus a fixed coupon if each stock closes at or above its initial level on any monthly valuation date after six months.
If the notes have not been called and each stock finishes at or above its 50% downside threshold, the payout at maturity will be par plus the final fixed coupon.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger autocallable yield notes
|
Underlying stocks: | Apple Inc., Amazon.com, Inc., Paycom Software, Inc., Tesla, Inc.
|
Amount: | $1,928,000
|
Maturity: | Sept. 2, 2027
|
Coupon: | 11% per annum, payable monthly
|
Price: | Par
|
Payout at maturity: | If each stock finishes at or above its downside threshold, par plus final fixed coupon; otherwise, full exposure to decline of worst performer from initial level
|
Call option: | Automatically par plus coupon if each stock closes at or above its initial level on any monthly valuation date after six months
|
Initial levels: | $161.38 for Apple, $129.79 for Amazon, $351.18 for Paycom, $284.82 for Tesla
|
Downside thresholds: | $80.69 for Apple, $64.90 for Amazon, $175.59 for Paycom, $142.41 for Tesla; 50% of initial levels
|
Pricing date: | Aug. 29
|
Settlement date: | Sept. 1
|
Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 4%
|
Cusip: | 90279FQG9
|
|
© 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.