Published on 5/10/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.93 million capped gears linked to index basket
By Wendy Van Sickle
Columbus, Ohio, May 10 – UBS AG, London Branch priced $1.93 million of 0% capped gears due June 28, 2024 linked to an unequally-weighted basket of five indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The indexes are 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 greater than zero, the payout at maturity will be par of $10 plus three times the basket return, subject to a maximum return of 23.7%. If the basket return is negative, investors will have one-to-one exposure to the decline.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Capped gears
|
Underlying basket: | Euro Stoxx 50 index (40% weight), Nikkei 225 index (25% weight), FTSE 100 index (17.5% weight), Swiss Market index (10% weight) and S&P/ASX 200 index (7.5% weight)
|
Amount: | $1,933,150
|
Maturity: | June 28, 2024
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If basket return is greater than zero, par plus three times basket return, subject to 23.7% maximum return; one-to-one exposure to any basket decline
|
Initial levels: | 4,347.71 for Stoxx, 28,416.47 for Nikkei, 7,852.64 for FTSE, 11,364.91 for Swiss, 7,316.299 for ASX
|
Pricing date: | April 26
|
Settlement date: | April 28
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2%
|
Cusip: | 90289X241
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.