Published on 1/28/2022 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.22 million buffer callable contingent yield notes on Nasdaq, S&P
By William Gullotti
Buffalo, N.Y., Jan. 28 – UBS AG, London Branch priced $1.22 million of buffer callable contingent yield notes due June 5, 2024 linked to the lesser performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 4.75% if each index closes at or above its 85% coupon barrier on the corresponding review date.
The notes are callable at par on any quarterly observation date after six months.
The payout at maturity will be par plus the final coupon unless the lesser performing index falls by more than 15%, in which case investors will have exposure to the losses of the lesser performer beyond 15%
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Buffer callable contingent yield notes
|
| Underlying assets: | Nasdaq-100 index, S&P 500 index
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| Amount: | $1,219,000
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| Maturity: | June 5, 2024
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| Coupon: | 4.75% annual rate, payable quarterly if each index closes at or above coupon barrier level on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless lesser performing index falls by more than 15%, in which case exposure to losses of lesser performer beyond 15%
|
| Call option: | At par on any quarterly observation date after six months
|
| Initial level: | 15,582.51 for Nasdaq, 4,522.68 for S&P
|
| Coupon barrier levels: | 13,245.13 for Nasdaq, 3,844.28 for S&P; 85% of initial levels
|
| Buffer levels: | 13,245.13 for Nasdaq, 3,844.28 for S&P; 85% of initial levels
|
| Pricing date: | Aug. 31
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| Settlement date: | Sept. 3
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.75%
|
| Cusip: | 90279DFB7
|
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