Published on 3/12/2024 in the Prospect News Structured Products Daily.
New Issue: UBS sells $5.3 million 10.25% trigger autocallable yield notes on S&P, NextEra
By William Gullotti
Buffalo, N.Y., March 12 – UBS AG, London Branch priced $5.3 million of 10.25% trigger autocallable yield notes due Feb. 26, 2026 linked to the performance of NextEra Energy, Inc. and the S&P 500 index, 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 underlier closes at or above its initial level on any monthly valuation date after one year.
If the notes have not been called and each underlier finishes at or above its 60% 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
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| Underlying assets: | NextEra Energy, Inc., S&P 500 index
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| Amount: | $5,301,000
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| Maturity: | Feb. 26, 2026
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| Coupon: | 10.25% per annum, payable monthly
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| Price: | Par
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| Payout at maturity: | If each underlier 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 underlier closes at or above its initial level on any monthly valuation date after one year
|
| Initial levels: | $56.78 for NextEra, 5,088.8 for S&P
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| Downside thresholds: | $34.07 for NextEra, 3,053.28 for S&P; 60% of initial levels
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| Strike date: | Feb. 23
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| Pricing date: | Feb. 26
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| Settlement date: | Feb. 29
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 0.4%
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| Cusip: | 902674L73
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