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Published on 4/23/2024 in the Prospect News Structured Products Daily.

New Issue: UBS prices $2 million leveraged basket-linked notes tied to weighted index basket

By Wendy Van Sickle

Columbus, Ohio, April 23 – UBS AG, London Branch priced $2 million of 0% leveraged basket-linked notes due April 20, 2026 linked to a weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index (75% weight), the Euro Stoxx 50 index (9.5% weight), Topix index (6.5% weight), FTSE 100 index (4.25% weight), Swiss Market index (2.75% weight) and S&P/ASX 200 index (2% weight).

The payout at maturity will be par plus 116.2% of any basket gain.

Investors will be fully exposed to any basket decline.

UBS Securities LLC is the agent. iCapital Markets LLC is acting as a dealer.

Issuer:UBS AG, London Branch
Issue:Leveraged basket-linked notes
Underlying basket:S&P 500 index (75% weight), the Euro Stoxx 50 index (9.5% weight), Topix index (6.5% weight), FTSE 100 index (4.25% weight), Swiss Market index (2.75% weight) and S&P/ASX 200 index (2% weight).
Amount:$2 million
Maturity:April 20, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 116.2% of any basket gain; otherwise, 1% loss for each 1% decline
Initial index levels:5,051.41 for S&P, 4,916.99 for Euro Stoxx, 2,697.11 for Topix, 7,820.36 for FTSE, 11,196.67 for Swiss Market, 7,612.494 for S&P/ASX
Pricing date:April 16
Settlement date:April 23
Agent:UBS Securities LLC
Dealer:iCapital Markets LLC
Fees:2%
Cusip:90307DCV2

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