Published on 1/18/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $6.94 million capped leveraged buffered basket-linked notes on index basket
By William Gullotti
Buffalo, N.Y., Jan. 18 – UBS AG, London Branch priced $6.94 million of 0% capped leveraged buffered basket-linked notes due July 8, 2025 linked to a weighted 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 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with an 12% weight and the S&P/ASX 200 index with an 9% weight.
The payout at maturity will be par plus 150% of any basket gain, up to a maximum settlement amount of $1,470.55 for each $1,000 principal amount.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
UBS Securities LLC is the agent.
| Issuer: | UBS AG, London Branch
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| Issue: | Capped leveraged buffered basket-linked notes
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| Underlying basket: | Euro Stoxx 50 index (36% weight), Topix index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight) and S&P/ASX 200 index (9% weight)
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| Amount: | $6.94 million
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| Maturity: | July 8, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any basket gain, up to maximum settlement amount of $1,470.55 for each $1,000 face amount; par if basket falls by up to 10%; otherwise, 1.1111% loss for each 1% decline beyond 10%
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| Initial index levels: | 4,468.98 for Euro Stoxx, 2,444.48 for Topix, 7,651.76 for FTSE, 11,255.0 for Swiss Market, 7,468.459 for S&P/ASX
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| Buffer level: | 90% of initial level
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| Pricing date: | Jan. 10
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| Settlement date: | Jan. 18
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| Agent: | UBS Securities LLC
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| Fees: | 1.89%
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| Cusip: | 90279WZU1
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