Published on 6/16/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $10.41 million capped leveraged notes tied to index basket
By Wendy Van Sickle
Columbus, Ohio, June 16 – UBS AG, London Branch priced $10.41 million of 0% capped leveraged notes due Dec. 13, 2022 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 a 11% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 200% of any basket gain up to a maximum settlement amount of $1,200 for each $1,000 principal amount.
Investors will be fully exposed to any basket decline.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Capped leveraged notes
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Underlying indexes: | 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: | $10,405,000
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Maturity: | Dec. 13, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any basket gain up to maximum settlement amount of $1,200 for each $1,000 face amount; full exposure to loss
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Initial index levels: | 4,096.85 for Euro Stoxx, 1,957.14 for Topix, 7,081.01 for FTSE, 11,788.1 for Swiss Market and 7,270.202 for S&P/ASX
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Buffer level: | 90% of initial basket level
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Pricing date: | June 9
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Settlement date: | June 16
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Agent: | UBS Securities LLC
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Fees: | 1.67%
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Cusip: | 90276BP64
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