By William Gullotti
Buffalo, N.Y., Feb. 15 – UBS AG, London Branch priced $4.87 million of 0% digital notes due March 11, 2025 linked to the performance of a West Texas Intermediate Light Sweet Crude Oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity finishes at or above its 90% buffer level, the payout at maturity will be the threshold settlement amount of par plus 25.15%.
Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.
UBS Securities LLC is the agent. iCapital Markets LLC is acting as dealer.
| Issuer: | UBS AG, London Branch
|
| Issue: | Digital notes
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| Underlying commodity: | West Texas Intermediate Light Sweet Crude Oil futures contract
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| Amount: | $4.87 million
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| Maturity: | March 11, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If commodity finishes at or above 90% buffer level, par plus 25.15%; otherwise, 1.1111% loss for each 1% decline beyond 10%
|
| Initial level: | $73.86
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| Buffer level: | $66.474; 90% of initial level
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 14
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| Agent: | UBS Securities LLC
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| Dealer: | iCapital Markets LLC
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| Fees: | 1.09%
|
| Cusip: | 90279WT53
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