Published on 2/12/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $326,000 trigger in-digital securities linked to Nasdaq, Russell
By Kiku Steinfeld
Chicago, Feb. 12 – UBS AG, London Branch priced $326,000 of 0% trigger in-digital securities due Sept. 26, 2024 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of each index is greater than or equal to its digital barrier, 70% of its initial level, the payout at maturity will be par plus 12%.
If the final level of any index is less than its digital barrier, investors will lose 1% for every 1% that the lesser performer declines from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger in-digital securities
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Underlying indexes: | Russell 2000 index and Nasdaq-100 index
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Amount: | $326,000
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Maturity: | Sept. 26, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 12% if the final level of each index is greater than or equal to its digital barrier; otherwise, investors will lose 1% for every 1% that the lesser performer declines from its initial level
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Initial levels: | 1,821.635 for Russell and 14,891.48 for Nasdaq
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Digital barriers: | 1,275.145 for Russell and 10,424.04 for Nasdaq, 70% of initial level
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Pricing date: | June 23, 2023
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Settlement date: | June 28, 2023
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90279GSU4
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