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Published on 10/17/2023 in the Prospect News Structured Products Daily.

New Issue: UBS sells $1.44 million digital index-linked notes linked to Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., Oct. 17 – UBS AG, London Branch priced $1.26 million of 0% digital index-linked notes due March 7, 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 85% buffer level, the payout at maturity will be the threshold settlement amount of $1,142 for each $1,000 principal amount.

Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.

UBS Securities LLC is the agent. Simon Markets LLC is acting as dealer.

Issuer:UBS AG, London Branch
Issue:Digital index-linked notes
Underlying index:Euro Stoxx 50 index
Amount:$1.44 million
Maturity:March 7, 2025
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above 85% buffer level, $1,142 for each $1,000 principal amount; otherwise, 1.1765% loss for each 1% decline beyond 15%
Initial level:4,200.8
Buffer level:3,570.68; 85% of initial level
Pricing date:Oct. 11
Settlement date:Oct. 18
Agent:UBS Securities LLC
Dealer:Simon Markets LLC
Fees:None
Cusip:90279WKN3

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