Published on 2/8/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $146,000 buffer in-digital securities tied to S&P, Russell
Chicago, Feb. 8 – UBS AG, London Branch priced $146,000 of 0% buffer in-digital securities due May 22, 2025 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 85% buffer level, the payout at maturity will be par plus 16.6%.
Otherwise, investors will lose 1% for every 1% decline of the worst performer 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 indexes: | S&P 500 index, Russell 2000 index
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Amount: | $146,000
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Maturity: | May 22, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above buffer level, par plus 16.6%; otherwise, lose 1% for each 1% decline of the worst performer below buffer level
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Initial index levels: | 1,773.717 for Russell, 4,191.98 for S&P
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Buffer levels: | 1,507.659 for Russell, 3,563.18 for S&P; 85% of initial levels
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Pricing date: | May 19, 2023
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Settlement date: | May 24, 2023
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90279GGT0
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