Published on 3/14/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3 million trigger in-digital notes linked to S&P 50
By William Gullotti
Buffalo, N.Y., March 14 – UBS AG, London Branch priced $3 million of 0% trigger in-digital notes due March 24, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the index is greater than or equal to its digital barrier, 75% of its initial level, the payout at maturity will be par of $10 plus 8.85%.
If the final level of the index is less than its downside threshold, investors will lose 1% for every 1% that the index declines from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger in-digital notes
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Underlying index: | S&P 500 index
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Amount: | $3 million
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Maturity: | March 24, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final level of the index is greater than or equal to digital barrier, par plus 8.85%; if final level of the index is less than downside threshold, 1% loss for every 1% that index declines from initial level
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Initial level: | 4,170.7
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Digital barrier: | 3,128.03; 75% of initial level
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Strike date: | March 8
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Pricing date: | March 9
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Settlement date: | March 14
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90290V572
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