Published on 4/1/2020 in the Prospect News Structured Products Daily.
New Issue: UBS sells $4.08 million capped leveraged notes tied to index basket
By Sarah Lizee
Olympia, Wash., April 1 – UBS AG, London Branch priced $4.08 million of 0% capped leveraged notes due Sept. 28, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 19% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 500% of any basket gain up to a maximum settlement amount of $1,275.50 for each $1,000 principal amount.
Investors will lose 1% for each 1% decline.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Capped leveraged notes
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Underlying indexes: | Euro Stoxx 50 index (36% weight), Topix index (27% weight), FTSE 100 index (19% weight), Swiss Market index (10% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $4.08 million
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Maturity: | Sept. 28, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 500% of any basket gain up to maximum settlement amount of $1,275.50 for each $1,000 face amount; 1% loss for each 1% decline
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Initial index levels: | 2,715.11 for Euro Stoxx, 1,333.10 for Topix, 5,446.01 for FTSE, 8,733.32 for Swiss Market, 4,735.655 for S&P/ASX
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Pricing date: | March 24
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Settlement date: | March 31
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Agent: | UBS Securities LLC
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Fees: | 1.51%
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Cusip: | 90270K6E4
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