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Published on 11/24/2020 in the Prospect News Structured Products Daily.

New Issue: UBS prices $4.48 million digital notes linked to Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Nov. 24 – UBS AG London Branch priced $4.48 million of 0% digital notes due Jan. 25, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 85% of the initial level, the payout at maturity will be par plus 11.2%. Investors will lose 1.1765% for each 1% index decline beyond 15%.

UBS Securities LLC is the agent.

Issuer:UBS AG London Branch
Issue:Digital notes
Underlying index:Euro Stoxx 50 index
Amount:$4,481,000
Maturity:Jan. 25, 2023
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above buffer level, par plus 11.2%; otherwise, 1.1765% loss for each 1% decline beyond 15%
Initial level:3,451.97
Buffer level:2,934.1745, 85% of initial level
Pricing date:Nov. 19
Settlement date:Nov. 27
Agent:UBS Securities LLC
Fees:None
Cusip:90276BLC5

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