Published on 5/15/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $727,000 Buffered PLUS linked to S&P 500
By Kiku Steinfeld
Chicago, May 15 – UBS AG London Branch priced $727,000 of 0% Buffered PLUS due March 15, 2024 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 200% of the index return subject to a maximum return of par plus 19.15%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
UBS Securities LLC is the agent.
Issuer: | UBS AG London Branch
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Issue: | Buffered PLUS
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Underlying index: | S&P 500 index
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Amount: | $727,000
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Maturity: | March 15, 2024
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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 200% of index return subject to a maximum return of par plus 19.15%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
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Initial level: | 3,969.61
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Buffer: | 10%
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Upside leverage: | 200%
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Cap: | 19.15%
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Pricing date: | Jan. 12, 2023
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Settlement date: | Jan. 17, 2023
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Agent: | UBS Securities LLC
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Fees: | None
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Cusip: | 90279F2J9
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