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Published on 11/8/2023 in the Prospect News Structured Products Daily.

New Issue: UBS prices $6.44 million capped leveraged basket-linked notes on index basket

By Wendy Van Sickle

Columbus, Ohio, Nov. 8 – UBS AG, London Branch priced $6.44 million of 0% capped leveraged basket-linked notes due Aug. 7, 2025 linked to a weighted 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 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 400% of any basket gain, up to a maximum settlement amount of $1,368 for each $1,000 principal amount.

Investors will be fully exposed to any decline of the basket.

UBS Securities LLC is the agent.

Issuer:UBS AG, London Branch
Issue:Capped 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) and S&P/ASX 200 index (9% weight)
Amount:$6,441,000
Maturity:Aug. 7, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus 400% of any basket gain, up to maximum settlement amount of $1,368 for each $1,000 face amount; otherwise, 1% loss for each 1% of basket decline
Initial index levels:4,091.71 for Stoxx, 2,310.68 for Topix, 7,342.43 for FTSE, 10,503.89 for Swiss Market, 6,838.3051 for S&P/ASX
Pricing date:Nov. 1
Settlement date:Nov. 8
Agent:UBS Securities LLC
Fees:2.21%
Cusip:90279WNJ9

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