Chicago, Oct. 24 – UBS AG, London Branch priced $10.94 million of barrier market-linked notes with daily observation due Oct. 23, 2025 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, investors will receive par plus 20% if the ETF closes above 140% of its initial level at any point during the life of the notes.
If this has not happened, investors will receive par plus the return of the ETF if the final level is greater than the initial level.
Otherwise, investors will receive par.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Barrier market-linked notes with daily barrier observation
|
| Underlying ETF: | SPDR Gold Trust
|
| Amount: | $10,943,000
|
| Maturity: | Oct. 23, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 20% if ETF closes above 140% of initial level at any point during life of notes; par plus return if ETF has never closed above 140% of initial level but finishes positive; otherwise, par
|
| Initial share price: | $180.87
|
| Upper barrier level: | $253.22, 140% of initial level
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 23
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90279WKZ6
|
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