By William Gullotti
Buffalo, N.Y., Nov. 8 – UBS AG, London Branch priced $7.94 million of 0% capped leveraged notes due Feb. 3, 2023 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum settlement amount of $1,367.50 per $1,000 principal amount of notes.
Investors will lose 1% for every 1% decline from initial level.
UBS Securities LLC is the agent. Simon Markets LLC is acting as dealer.
| Issuer: | UBS AG, London Branch
|
| Issue: | Capped leveraged notes
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| Underlying index: | Euro Stoxx Banks index
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| Amount: | $7.94 million
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| Maturity: | Feb. 3, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus three times of any index gain, capped at par plus 36.75%; otherwise, 1% loss for every 1% decline from initial level
|
| Initial level: | 104.56
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| Pricing date: | Nov. 1
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| Settlement date: | Nov. 8
|
| Agent: | UBS Securities LLC
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| Dealer: | Simon Markets LLC
|
| Fees: | 1.25%
|
| Cusip: | 90279DNG7
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