Published on 4/21/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4.6 million trigger gears linked to weighted index basket
By William Gullotti
Buffalo, N.Y., April 21 – UBS AG, London Branch priced $4.6 million of 0% trigger gears due April 21, 2027 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.
If the basket return is positive, the payout at maturity will be par plus 1.97 times the basket return.
If the basket falls by up to 25%, the payout will be par. Otherwise, investors will be fully exposed to the basket’s decline from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger gears
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Underlying indexes: | Euro Stoxx 50 index (40% weight), Nikkei 225 index (25% weight), FTSE 100 index (17.5% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
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Amount: | $4,599,000
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Maturity: | April 21, 2027
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the basket finishes flat or gains, par plus 1.97 times the return; if the basket declines no farther than downside threshold, par; otherwise, 1% loss for every 1% decline from initial level
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Initial index levels: | 3,830.76 for Stoxx, 26,985.09 for Nikkei, 7,601.28 for FTSE, 12,281.42 for Swiss Market, 7,565.207 for S&P/ASX
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Downside threshold: | 75% of initial level
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Pricing date: | April 19
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Settlement date: | April 21
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 9026MP239
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