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Published on 4/27/2023 in the Prospect News Structured Products Daily.

New Issue: UBS prices $2.71 million 6.2% buffer yield notes linked to Russell

By Wendy Van Sickle

Columbus, Ohio, April 27 – UBS AG, London Branch priced $2.71 million of 6.2% buffer yield notes due April 30, 2025 linked to the performance of 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 index falls by more than 15%, in which case investors will have exposure to the losses of the index beyond 15%

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

Issuer:UBS AG, London Branch
Issue:Buffer yield notes
Underlying index:Russell 2000 index
Amount:$2,705,000
Maturity:April 30, 2025
Coupon:6.2% annual rate, paid quarterly
Price:Par
Payout at maturity:Par unless index falls by more than 15%, in which case lose 1% for every 1% decline of the index below 15%
Initial level:1,745.952
Buffer level:1,484.059; 85% of initial level
Pricing date:April 25
Settlement date:April 28
Agents:UBS Financial Services Inc. and UBS Investment Bank
Fees:2.25%
Cusip:90279GCB3

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