Published on 6/15/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $472,000 digital index-linked notes linked to Euro Stoxx 50
By William Gullotti
Buffalo, N.Y., June 15 – UBS AG, London Branch priced $472,000 of 0% digital index-linked notes due Aug. 16, 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 its 85% buffer level, the payout at maturity will be the maximum settlement amount of $1,114.50 for each $1,000 principal amount.
Otherwise, investors 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: | Digital index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $472,000
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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: | If index finishes above 85% buffer level, $1,114.50 for each $1,000 principal amount; otherwise, 1.1765% loss for each 1% decline beyond 15%
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Initial level: | 3,999.91
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Buffer level: | 3,399.9235; 85% of initial level
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Pricing date: | May 20
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Settlement date: | May 27
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Agent: | UBS Securities LLC
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Fees: | None
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Cusip: | 90276BG80
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