By Wendy Van Sickle
Columbus, Ohio, Sept. 15 – UBS AG, London Branch priced $1.1 million of 0% capped airbag gears due Sept. 25, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 2 times the index return, subject to a maximum return of 14.5%.
If the index return is zero or negative and the final index level is greater than the downside threshold, 85% of the initial level, the payout will be par.
If the final index level is less than the downside threshold, investors will lose 1.1765% loss for each 1% that the index declines beyond 15%.
UBS Securities LLC and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Capped airbag gears
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Underlying index: | S&P 500 index
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Amount: | $1.1 million
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Maturity: | Sept. 25, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 2 times index return, subject to maximum return of 14.5%; if index return is zero or negative and final index level is greater than downside threshold, par; if final index level is less than downside threshold, 1.1765% loss for each 1% that index declines beyond 15%
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Initial level: | 4,110.41
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Downside threshold: | 3,493.85; 85% of initial level
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Pricing date: | Sept. 12
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Settlement date: | Sept. 15
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Underwriters: | UBS Securities LLC and UBS Investment Bank
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Fees: | 0.25%
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Cusip: | 90279FSL6
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