Published on 3/12/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $3.82 million buffered participation allocation securities on basket
Chicago, March 12 – UBS AG, London Branch priced $3.82 million of 0% buffered participation allocation securities due March 10, 2026 linked to a basket containing the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
On the March 5 valuation date near the maturity date, the allocations will be determined with the best performing basket weighted 45%, the second-best performing index weighted 35% and the worst performing weighted 20%.
The payout at maturity will be par plus any basket gain, capped at 20%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond the 15% buffer.
UBS Securities LLC is the agent. Morgan Stanley Wealth Management structured the notes and will be distributing the notes.
| Issuer: | UBS AG, London Branch
|
| Issue: | Buffered participation allocation securities
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| Underlying basket: | Nasdaq-100 index, Russell 2000 index, S&P 500 index; best performer weighted 45%, second-best performer weighted 35%, third-best performer weighted 20%
|
| Amount: | $3,820,000
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| Maturity: | March 10, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, capped at 20%; par if the final basket level is at least 85% of the initial level; otherwise, investors will have a 1% loss for each 1% decline beyond the 15% buffer
|
| Initial index levels: | 17,897.87 for Nasdaq, 2,053.708 for Russell, 5,078.65 for S&P
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| Buffer level: | 85% of initial level
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| Pricing date: | March 5
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| Settlement date: | March 8
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| Agent: | UBS Securities LLC
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| Distributor: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 902674R77
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