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

New Issue: UBS prices $2.82 million leveraged basket-linked notes tied to weighted index basket

By William Gullotti

Buffalo, N.Y., Oct. 17 – UBS AG, London Branch priced $2.82 million of 0% leveraged basket-linked notes due April 15, 2025 linked to a weighted index basket, 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 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with an 12% weight and the S&P/ASX 200 index with an 9% weight.

The payout at maturity will be par plus 186% of any basket gain.

Investors will be fully exposed to any basket decline.

UBS Securities LLC is the agent. Simon Markets LLC, a broker-dealer affiliated with Goldman Sachs & Co. LLC, is acting as a dealer.

Issuer:UBS AG, London Branch
Issue:Leveraged basket-linked notes
Underlying basket:Euro Stoxx 50 index (36% weight), Topix index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight), S&P/ASX 200 index (9% weight)
Amount:$2,815,000
Maturity:April 15, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus 186% of any basket gain; otherwise, 1% loss for each 1% decline
Initial index levels:4,200.8 for Euro Stoxx, 2,307.84 for Topix, 7,620.03 for FTSE, 11,038.3 for Swiss Market, 7,088.414 for S&P/ASX
Pricing date:Oct. 11
Settlement date:Oct. 18
Agent:UBS Securities LLC
Dealer:Simon Markets LLC
Fees:1.51%
Cusip:90279WJY1

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