Published on 3/20/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $3.46 million capped leveraged notes on index basket
By Kiku Steinfeld
Chicago, March 22 – UBS AG, London Branch priced $3.46 million of 0% capped leveraged notes due May 17, 2023 linked to a 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 FTSE 100 index with a 16% weight, the Topix index with a 29% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 3 times any basket gain, capped at 42.6%.
Investors will lose 1% for each 1% decline.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Capped leveraged notes
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Underlying indexes: | Euro Stoxx 50 (36% weight), FTSE 100 (16% weight), Topix index (29% weight), Swiss Market index (11% weight) and S&P/ASX 200 (8% weight)
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Amount: | $3,461,000
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Maturity: | May 17, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any basket gain, return capped at 42.6%; 1% loss for every 1% decline
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Initial levels: | 3,707.72 Euro Stoxx, 6,613.75 for FTSE, 1,894.85 for Topix, 10,817.15 for Swiss Market, 6,762.272 for S&P/ASX
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Pricing date: | March 2
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Settlement date: | March 9
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Agent: | UBS Securities LLC
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Fees: | None
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Cusip: | 90276BSQ7
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