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Published on 6/27/2023 in the Prospect News Structured Products Daily.

New Issue: UBS prices $6.25 million buffer in-digital securities tied to Nasdaq-100, Russell 2000

By William Gullotti

Buffalo, N.Y., June 27 – UBS AG, London Branch priced $6.25 million of 0% buffer in-digital securities due July 25, 2024 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.

If each index finishes at or above its 80% buffer level, the payout at maturity will be par plus 11%.

Otherwise, investors will lose 1% for every 1% decline of the worst performer below 20%.

UBS Securities LLC and UBS Investment Bank are the agents.

Issuer:UBS AG, London Branch
Issue:Buffer in-digital securities
Underlying indexes:Nasdaq-100 index, Russell 2000 index
Amount:$6.25 million
Maturity:July 25, 2024
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above buffer level, par plus 11%; otherwise, lose 1% for each 1% decline of the worst performer below buffer level
Initial index levels:1,863.015 for Russell, 14,867.45 for Nasdaq
Buffer levels:1,490.412 for Russell, 11,893.96 for Nasdaq; 80% of initial levels
Strike date:June 21
Pricing date:June 22
Settlement date:June 27
Agents:UBS Securities LLC and UBS Investment Bank
Fees:0.1%
Cusip:90279GSB6

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