New Issue: UBS sells $560,000 buffer contingent yield notes on S&P

By Kiku Steinfeld

Chicago, Sept. 20 – UBS AG, London Branch priced $560,000 of buffer contingent yield notes due March 11, 2024 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7.85% if the index closes at or above its 75% coupon barrier on the corresponding review date.

The payout at maturity will be par plus the final coupon unless the index falls by more than 15%, in which case investors will lose 1% for the 1% decline of the worst performer beyond 15%.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Buffer contingent yield notes
Underlying asset:	S&P 500 index
Amount:	$560,000
Maturity:	March 11, 2024
Coupon:	7.85% annual rate, payable monthly if the index closes at or above coupon barrier level on related observation date
Price:	Par
Payout at maturity:	Par plus final coupon unless index falls by more than 15%, in which case lose 1% for the 1% decline of worst performer beyond 15%
Initial level:	4,048.42
Coupon barrier level:	3,036.32, 75% of initial level
Buffer level:	3,441.16, 85% of initial level
Pricing date:	March 7, 2023
Settlement date:	March 10, 2023
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.2%
Cusip:	90279F6W6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.