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Published on 2/14/2022 in the Prospect News Structured Products Daily.

New Issue: UBS prices $3.4 million jump securities tied to FTSE 100

By William Gullotti

Buffalo, N.Y., Feb. 14 – UBS AG, London Branch priced $3.4 million of 0% jump securities due Feb. 12, 2027 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, if the index finishes at or above its initial level, the payout will be par of $10 plus the greater of the index’s return and 62%.

Otherwise, investors will be fully exposed to any losses of the index.

UBS Securities LLC is the agent and Morgan Stanley Wealth Management is the dealer.

Issuer:UBS AG, London Branch
Issue:Jump securities
Underlying index:FTSE 100 index
Amount:$3,395,000
Maturity:Feb. 12, 2027
Coupon:0%
Price:Par of $10
Payout at maturity:If the index finishes at or above its initial level, par plus the greater of the index return and 62%; otherwise, investors lose 1% for each 1% decline from the initial level
Initial level:7,643.42
Pricing date:Feb. 9
Settlement date:Feb. 14
Agent:UBS Securities LLC
Dealer:Morgan Stanley Wealth Management
Fees:3.5%
Cusip:90290V184

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