Published on 9/24/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $431,000 capped buffer securities linked to Nasdaq, Russell, S&P
By William Gullotti
Buffalo, N.Y., Sept. 24 – UBS AG, London Branch priced $431,000 of 0% capped buffer securities due Jan. 6, 2023 linked to the performance 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 32%.
If the worst performer declines up to 12.5%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 12.5%.
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: | $431,000
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Maturity: | Jan. 6, 2023
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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 32%; if the worst performer declines by up to 12.5%, par; otherwise, 1% loss for every 1% decline of the worst performer beyond 12.5%
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Initial levels: | 14,727.63 for Nasdaq, 2,305.762 for Russell, 4,352.34 for S&P
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Threshold levels: | 12,886.68 for Nasdaq, 2,017.542 for Russell, 3,808.3 for S&P; 87.5% of initial level
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Pricing date: | July 2
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Settlement date: | July 8
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 0.25%
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Cusip: | 90276BY72
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