Published on 3/10/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $8.8 million trigger digital securities tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, March 10 – UBS AG, London Branch priced $8.8 million of 0% trigger digital securities due June 8, 2023 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 9.1% unless the index finishes below the 70% downside threshold, in which case investors will be fully exposed to any losses.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger digital securities
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Underlying index: | S&P 500 index
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Amount: | $8.8 million
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Maturity: | June 8, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 9.1% unless index finishes below 70% downside threshold, in which case full exposure to any losses
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Initial level price: | 4,328.87
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Downside threshold: | 3,030.21; 70% of initial level
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Pricing date: | March 4
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Settlement date: | March 9
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Agent: | UBS Securities LLC and UBS Investment Bank
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Fees: | 0.5%
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Cusip: | 90279DL95
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