New Issue: UBS prices $1.78 million capped gears linked to index basket

By Angela McDaniels

Tacoma, Wash., March 7 – UBS AG, London Branch priced $1.78 million of 0% capped gears due Aug. 30, 2024 linked to an unequally 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 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.

If the basket return is positive, the payout at maturity will be par of $10 plus three times the basket return, subject to a maximum return of 23.1%. If the basket return is negative, investors will be exposed to the basket’s decline.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Capped gears
Underlying indexes:	Euro Stoxx 50 (40% weight), Nikkei 225 (25% weight), FTSE 100 (17.5% weight), Swiss Market (10% weight) and S&P/ASX 200 (7.5% weight)
Amount:	$1,776,500
Maturity:	Aug. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus three times basket return, subject to maximum return of 23.1%; if basket return is negative, exposure to basket’s decline
Initial levels:	4,344.75 for Euro Stoxx, 33,193.99 for Nikkei, 7,500.49 for FTSE, 11,183.55 for Swiss Market and 7,196.541 for S&P/ASX
Pricing date:	June 28, 2023
Settlement date:	June 30, 2023
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	2%
Cusip:	90289X829

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