Published on 4/23/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2 million leveraged basket-linked notes tied to weighted index basket
By Wendy Van Sickle
Columbus, Ohio, April 23 – UBS AG, London Branch priced $2 million of 0% leveraged basket-linked notes due April 20, 2026 linked to a weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index (75% weight), the Euro Stoxx 50 index (9.5% weight), Topix index (6.5% weight), FTSE 100 index (4.25% weight), Swiss Market index (2.75% weight) and S&P/ASX 200 index (2% weight).
The payout at maturity will be par plus 116.2% of any basket gain.
Investors will be fully exposed to any basket decline.
UBS Securities LLC is the agent. iCapital Markets LLC is acting as a dealer.
Issuer: | UBS AG, London Branch
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Issue: | Leveraged basket-linked notes
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Underlying basket: | S&P 500 index (75% weight), the Euro Stoxx 50 index (9.5% weight), Topix index (6.5% weight), FTSE 100 index (4.25% weight), Swiss Market index (2.75% weight) and S&P/ASX 200 index (2% weight).
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Amount: | $2 million
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Maturity: | April 20, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 116.2% of any basket gain; otherwise, 1% loss for each 1% decline
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Initial index levels: | 5,051.41 for S&P, 4,916.99 for Euro Stoxx, 2,697.11 for Topix, 7,820.36 for FTSE, 11,196.67 for Swiss Market, 7,612.494 for S&P/ASX
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Pricing date: | April 16
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Settlement date: | April 23
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Agent: | UBS Securities LLC
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Dealer: | iCapital Markets LLC
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Fees: | 2%
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Cusip: | 90307DCV2
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