Published on 10/6/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.43 million capped airbag gears linked to Russell 2000
Chicago, Oct. 6 – UBS AG, London Branch priced $1.43 million of 0% capped airbag gears due Aug. 14, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return of 34.32%.
If the index return is zero or negative and the final index level is greater than the downside threshold, 85% of the initial level, the payout will be par.
If the final index level is less than the downside threshold, investors will lose 1.1765% loss for each 1% that the index declines beyond 15%.
UBS Securities LLC and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Capped airbag gears
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Underlying index: | Russell 2000 index
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Amount: | $1,425,000
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Maturity: | Aug. 14, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 1.5 times index return, subject to maximum return of 34.32%; if index return is zero or negative and final index level is greater than downside threshold, par; if final index level is less than downside threshold, 1.1765% loss for each 1% that index declines beyond 15%
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Initial level: | 2,083.499
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Downside threshold: | 1,770.974; 85% of initial level
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Pricing date: | Feb. 9
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Settlement date: | Feb. 14
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Underwriters: | UBS Securities LLC and UBS Investment Bank
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Fees: | None
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Cusip: | 90279DYK6
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