Published on 10/10/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.21 million capped PLUS linked to Euro Stoxx 50
By William Gullotti
Buffalo, N.Y., Oct. 10 – UBS AG, London Branch priced $1.21 million of 0% capped Performance Leverage Upside Securities due Jan. 6, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus three times the index return, subject to a maximum return of 23%.
Investors will be fully exposed to any index decline.
UBS Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
Issuer: | UBS AG, London Branch
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Issue: | Capped Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $1,214,000
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Maturity: | Jan. 6, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of index return, up to maximum return of 23%; otherwise, full exposure to loss
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Initial level: | 4,174.66
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Pricing date: | Sept. 29
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Settlement date: | Oct. 4
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Agent: | UBS Securities LLC
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 90279WDL5
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