Published on 2/2/2023 in the Prospect News Structured Products Daily.
New Issue: UBS sells $3.89 million digital index-linked notes linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Feb. 2 – UBS AG, London Branch priced $3.89 million of 0% digital index-linked notes due March 31, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 80% buffer level, the payout at maturity will be the threshold settlement amount of $1,185.50 for each $1,000 principal amount.
Otherwise, investors will lose 1.25% for each 1% decline beyond 20%.
UBS Securities LLC is the agent. Simon Markets LLC is acting as dealer.
Issuer: | UBS AG, London Branch
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Issue: | Digital index-linked notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $3,887,000
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Maturity: | March 31, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes above 80% buffer level, $1,185.50 for each $1,000 principal amount; otherwise, 1.25% loss for each 1% decline beyond 20%
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Initial level: | 4,173.98
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Buffer level: | 3,339.184; 80% of initial level
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Pricing date: | Jan. 26
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Settlement date: | Feb. 2
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Agent: | UBS Securities LLC
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Dealer: | Simon Markets LLC
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Fees: | None
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Cusip: | 90279F2V2
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