Published on 4/25/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $779,000 capped buffer gears linked to S&P 500
By Kiku Steinfeld
Chicago, April 25 – UBS AG, London Branch priced $779,000 of 0% capped buffer gears due Nov. 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any index gain, up to a maximum return of 15%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline of the index beyond 10%.
UBS Financial Services Inc. and UBS Investment Bank LLC are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Capped buffer gears
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Underlying index: | S&P 500
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Amount: | $779,000
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Maturity: | Nov. 5, 2024
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Coupon: | 0%
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Par | Par
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Payout at maturity: | Par plus 2 times any index gain, up to 15% maximum return; par if index falls by up to 10%; 1% loss for every 1% decline of index beyond 10%
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Initial index level: | 4,376.86
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Buffer level: | 3,501.49; 90% of initial level
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Pricing date: | July 31, 2023
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Settlement date: | Aug. 3, 2023
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 0.25%
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Cusip: | 90279GXQ7
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