Published on 3/13/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $779,000 trigger callable contingent yield notes on two indexes, ETF
Chicago, March 13 – UBS AG, London Branch priced $779,000 of trigger callable contingent yield notes due May 23, 2024 linked to the performance of the Nasdaq-100 index, the Russell 2000 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly contingent coupon at an annual rate of 9% if each underlier’s closing level is at least 60% of its initial level on the corresponding observation date.
The notes will be callable at par on any quarterly observation date after one year.
If the notes have not been called, the payout at maturity will be par unless any underlier closes below its 60% trigger level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level.
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 assets: | Nasdaq-100 index, Russell 2000 index, iShares MSCI Emerging Markets ETF
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| Amount: | $779,000
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| Maturity: | May 23, 2024
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| Coupon: | 9% per year, payable quarterly if each underlier closes at or above its coupon barrier on the relevant observation date
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| Price: | Par
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| Payout at maturity: | Par unless any underlier closes below its trigger level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level
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| Call option: | At par on any quarterly observation date after one year
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| Initial levels: | 11,928.31 for Nasdaq, 1,774.846 for Russell, $40.33 for ETF
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| Coupon barrier levels: | 7,156.99 for Nasdaq, 1,064.908 for Russell, $24.20 for ETF; 60% of initial levels
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| Trigger levels: | 7,156.99 for Nasdaq, 1,064.908 for Russell, $24.20 for ETF; 60% of initial levels
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| Pricing date: | May 18, 2022
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| Settlement date: | May 23, 2022
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| Agents: | UBS Securities LLC and UBS Investment Bank
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| Fees: | 1.75%
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| Cusip: | 90279FDM0
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