Published on 3/3/2023 in the Prospect News Structured Products Daily.
New Issue: UBS sells $549,000 capped buffer securities linked to Nasdaq, Russell, S&P
Chicago, March 3 – UBS AG, London Branch priced $549,000 of 0% capped buffer securities due Oct. 18, 2022 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the gain of the least performing index, subject to a maximum payout of par plus 20%.
If the worst performer declines up to 10%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 10%.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Capped buffer securities
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index, S&P 500 index
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Amount: | $549,000
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Maturity: | Oct. 18, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus the gain of the least performing index, capped at 20%; if the worst performer declines by up to 10%, par; otherwise, 1% loss for every 1% decline of the worst performer beyond 10%
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Initial levels: | 12,387.40 for Nasdaq, 1,792.666 for Russell, 4,023.89 for S&P
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Threshold levels: | 11,148.66 for Nasdaq, 1,613.399 for Russell, 3,621.50 for S&P; 90% of initial levels
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Pricing date: | May 13, 2022
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Settlement date: | May 18, 2022
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 0.65%
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Cusip: | 90279FDE8
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