Published on 5/12/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $17.97 million market-linked notes on commodity basket
By Wendy Van Sickle
Columbus, Ohio, May 12 – UBS AG, London Branch priced $17.97 million of 0% market-linked notes due May 14, 2024 linked to the performance of an equally-weighted basket of eight commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas futures, corn, soybeans, wheat, copper and zinc.
If the basket finishes positive, the payout at maturity will be par plus the basket gain.
Otherwise, investors will receive par.
UBS Investment Bank is the agents with J.P. Morgan Securities LLC as placement agent.
Issuer: | UBS AG, London Branch
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Issue: | Market-linked notes
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Underlying assets: | West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas futures, corn, soybeans, wheat, copper, zinc; equal weights
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Amount: | $17,973,000
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Maturity: | May 14, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the basket finishes positive, par plus basket gain; otherwise, par
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Initial prices: | $103.09 for WTI, $105.94 for Brent, $7.026 for natural gas, $7.845 for corn, $16.21 for soybeans, $10.8325 for wheat, $9,160.00 for copper, $3,655.00 for zinc
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Pricing date: | May 9
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Settlement date: | May 12
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Agents: | UBS Investment Bank with J.P. Morgan Securities LLC as placement agent
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Fees: | 1.5%
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Cusip: | 90279FAR2
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