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Published on 8/3/2023 in the Prospect News Structured Products Daily.

New Issue: UBS prices $100,000 trigger phoenix autocallables linked to Generac

New York, Aug. 3 – UBS AG, London Branch priced $100,000 of trigger phoenix autocallable optimization securities due July 23, 2025 linked to the common stock of Generac Holdings Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If Generac Holdings stock closes at or above the trigger price – 60% of the initial share price – on a quarterly observation date, the issuer will pay a contingent coupon for that quarter at the rate of 17.31%. Otherwise, no coupon will be paid that quarter.

If the shares close at or above the initial price on a quarterly observation date, the notes will be called at par plus the contingent coupon.

If the notes are not called and Generac Holdings shares finish at or above the trigger price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be exposed to the share price decline from the initial price.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer:UBS AG, London Branch
Issue:Trigger phoenix autocallable optimization securities
Underlying stock:Generac Holdings Inc. (NYSE: GNRC)
Amount:$100,000
Maturity:July 23, 2025
Coupon:17.31%, payable quarterly if stock closes at or above trigger price on observation date for that quarter
Price:Par of $10.00
Payout at maturity:Par plus contingent coupon if Generac Holdings shares finish at or above trigger price; otherwise, par plus stock return
Call:Automatically at par plus contingent coupon if Generac Holdings shares close at or above initial price on a quarterly observation date
Initial share price:$144.03
Trigger price:$86.42, 60% of initial price
Pricing date:July 18
Settlement date:July 20
Underwriters:UBS Financial Services Inc. and UBS Investment Bank
Fees:1.5%
Cusip:90301U712

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