Published on 2/7/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.7 million capped leveraged buffered notes on S&P 500
Chicago, Feb. 7 – UBS AG, London Branch priced $2.7 million of 0% capped leveraged buffered notes due March 8, 2023 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index’s return is positive, the payout at maturity will be par plus 1.3 times the gain, capped at a maximum payout of par plus 20.15%.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Capped leveraged buffered notes
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Underlying index: | S&P 500 index
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Amount: | $2,698,000
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Maturity: | March 8, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.3 times any index gain, capped at par plus 20.15%; par if the index falls by up to 12.5%; otherwise, 1.429% loss for each 1% decline beyond buffer
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Initial level: | 4,097.17
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Buffer level: | 87.5% of initial level
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Pricing date: | April 8
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Settlement date: | April 15
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Agent: | UBS Securities LLC
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Fees: | None
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Cusip: | 90276BXD0
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