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Published on 8/14/2023 in the Prospect News Structured Products Daily.

New Issue: UBS prices $18.42 million buffered PLUS linked to S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, Aug. 14 – UBS AG, London Branch priced $18.42 million of 0% buffered PLUS due Feb. 4, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 26.6%. Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that the index declines beyond 10%.

UBS Securities LLC is the agent.

Issuer:UBS AG, London Branch
Issue:Buffered PLUS
Underlying index:S&P 500 index
Amount:$18,417,000
Maturity:Feb. 4, 2026
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than initial index level, par plus 200% of index return, subject to maximum return of 26.6%; par if index declines by up to 10%; 1% loss for every 1% that index declines beyond 10%
Initial level:4,588.96
Buffer level:90% of initial level
Pricing date:July 31
Settlement date:Aug. 3
Agent:UBS Securities LLC
Fees:3%
Cusip:90279GB65

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