Published on 11/16/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $8.46 million trigger in-digital securities linked to ICE Brent futures
By William Gullotti
Buffalo, N.Y., Nov. 16 – UBS AG, London Branch priced $8.46 million of 0% trigger in-digital securities due Dec. 17, 2024 linked to an ICE Brent Crude futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the commodity is greater than or equal to its digital barrier, 60% of its initial level, the payout at maturity will be par of $10 plus 11.55%.
If the final level of the commodity is less than its digital barrier, investors will lose 1% for every 1% that the commodity declines from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger in-digital securities
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Underlying commodity: | ICE Brent Crude futures contract
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Amount: | $8,464,000
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Maturity: | Dec. 17, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final level of the commodity is greater than or equal to digital barrier, par plus 11.55%; if final level of the commodity is less than digital barrier, 1% loss for every 1% that commodity declines from initial level
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Initial level: | $82.52
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Digital barrier: | $49.51; 60% of initial level
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Pricing date: | Nov. 13
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Settlement date: | Nov. 16
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90301Q232
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