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Published on 4/26/2023 in the Prospect News Structured Products Daily.

New Issue: UBS prices $1.29 million 6.15% buffer yield notes linked to Nasdaq, Russell

By William Gullotti

Buffalo, N.Y., April 26 – UBS AG, London Branch priced $1.29 million of 6.15% buffer yield notes due April 24, 2026 linked to the performance of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is paid quarterly.

The payout at maturity will be par unless the worst performing index falls by more than 15%, in which case investors will have exposure to the losses of the worst performer beyond 15%

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

Issuer:UBS AG, London Branch
Issue:Buffer yield notes
Underlying indexes:Nasdaq-100 index, Russell 2000 index
Amount:$1.29 million
Maturity:April 24, 2026
Coupon:6.15% annual rate, paid quarterly
Price:Par
Payout at maturity:Par unless worst performing index falls by more than 15%, in which case lose 1% for every 1% decline of the worst performer below 15%
Initial levels:13,000.77 for Nasdaq, 1,791.506 for Russell
Buffer levels:11,050.65 for Nasdaq, 1,522.78 for Russell; 85% of initial levels
Pricing date:April 21
Settlement date:April 26
Agents:UBS Financial Services Inc. and UBS Investment Bank
Fees:3%
Cusip:90279GDJ5

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