Published on 1/11/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.08 million buffered PLUS linked to S&P 500
By William Gullotti
Buffalo, N.Y., Jan. 11 – UBS AG, London Branch priced $1.08 million of 0% buffered Performance Leveraged Upside Securities due June 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any index gain, capped at par plus 17.4%.
Investors will receive par if the index falls by up to 10% and will be fully exposed to any losses beyond the buffer.
UBS Securities LLC is the agent with distribution through Morgan Stanley Wealth Management.
Issuer: | UBS AG, London Branch
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | S&P 500 index
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Amount: | $1,075,000
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Maturity: | June 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at par plus 17.4%; par if index declines by up to 10%; 1% loss per 1% decline beyond 10%
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Initial value: | 4,688.68
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Buffer level: | 90% of initial value
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Strike date: | Jan. 4
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Pricing date: | Jan. 5
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Settlement date: | Jan. 10
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Agent: | UBS Securities LLC with Morgan Stanley Wealth Management as distributor
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Fees: | None
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Cusip: | 90279WD43
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