Published on 5/5/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $5.54 million capped leveraged buffered notes tied to index basket
Kiku Steinfeld
Chicago, May 5 – UBS AG, London Branch priced $5.54 million of 0% capped leveraged buffered notes due Aug. 16, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 140% of any basket gain up to a maximum settlement amount of $1,266.84 for each $1,000 principal amount.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Capped leveraged buffered notes
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Underlying basket: | Euro Stoxx 50 index (36% weight), Topix index (29% weight), FTSE 100 index (16% weight), Swiss Market index (11% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $5,538,000
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Maturity: | Aug. 16, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140% of any basket gain up to maximum settlement amount of $1,266.84 for each $1,000 face amount; par if basket falls by up to 15%; 1.1765% loss for each 1% decline beyond 15%
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Initial index levels: | 3,993.43 for Euro Stoxx, 1,959.13 for Topix, 6,983.50 for FTSE, 11,198.70 for Swiss Market and 7,058.623 for S&P/ASX
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Buffer level: | 85% of initial levels
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Pricing date: | April 15
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Settlement date: | April 22
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Agent: | UBS Securities LLC
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Fees: | None
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Cusip: | 90276BXU2
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