Published on 4/25/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $510,000 buffer autocallable notes linked to S&P 500
By Kiku Steinfeld
Chicago, April 25 – UBS AG London Branch priced $510,000 of buffer autocallable notes due July 31, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 9.5% annualized call premium if the index closes at or above its initial level on any annual valuation date.
If the notes are not called, the payout at maturity will be par unless the index finishes below its 70% buffer level, in which case investors will lose 1% for every 1% that the index declines beyond 30%.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
|
Issue: | Buffer autocallable notes
|
Underlying index: | S&P 500 index
|
Amount: | $510,000
|
Maturity: | July 31, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par unless the index finishes below buffer level, in which case 1% loss for each 1% decline of the index beyond buffer
|
Call: | Automatically at par plus a 9.5% annualized call premium if the index closes at or above its initial level on any annual valuation date
|
Initial level: | 4,582.23
|
Buffer level: | 3,207.56; 70% of initial level
|
Pricing date: | July 28, 2023
|
Settlement date: | Aug. 2, 2023
|
Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 0.15%
|
Cusip: | 90279GM71
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.