Published on 7/5/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.38 million buffer in-digital securities tied to S&P 500
By William Gullotti
Buffalo, N.Y., July 5 – UBS AG, London Branch priced $1.38 million of 0% buffer in-digital securities due Jan. 2, 2026 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 85% buffer level, the payout at maturity will be par plus 22.4%.
Otherwise, investors will lose 1% for every 1% decline below 15%.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Buffer in-digital securities
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Underlying index: | S&P 500 index
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Amount: | $1,379,000
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Maturity: | Jan. 2, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above buffer level, par plus 22.4%; otherwise, lose 1% for the 1% decline of the index below buffer level
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Initial index level: | 4,396.44
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Buffer level: | 3,736.97; 85% of initial level
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Pricing date: | June 29
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Settlement date: | July 5
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 90279GSE0
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