By William Gullotti
Buffalo, N.Y., Feb. 10 – UBS AG, London Branch priced $8.53 million of 0% capped in-gears due Sept. 10, 2027 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level will be the average of the index’s closing levels on each day during the period from and including Jan. 14 to and including April 14. The final index level will be the average of the index’s closing levels on each day during the period from and including June 8, 2027 to and including Sept. 7, 2027.
At maturity, if the index’s return is greater than or equal to 52%, the payout will be par plus 89%.
If the index return is greater than or equal to 32% but less than 52%, the payout will be par plus 2.34 times the excess of the return over 32% plus 42.2%.
If the index return is greater than or equal to -8% but less than 32%, the payout will be par plus 1.055 times the quantity of the return plus 8%.
If the index return is greater than or equal to -28% but less than -8%, investors will lose 1.4% for every 1% loss beyond 8%
If the index finishes below its 72% downside threshold, investors will lose 1% for every 1% decline in the index from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Capped in-gears
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| Underlying index: | Dow Jones industrial average
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| Amount: | $8,532,000
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| Maturity: | Sept. 10, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is greater than or equal to 52%, par plus 89%; if index return is greater than or equal to 32% but less than 52%, par plus 2.34 times the excess of the return over 32% plus 42.2%; if index return is greater than or equal to -8% but less than 32%, par plus 1.055 times the quantity of the return plus 8%; if index return is greater than or equal to -28% but less than -8%, investors will lose 1.4% for every 1% decline beyond 8%; otherwise, full exposure to loss if index falls by more than 28%
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| Initial index level: | Average of closing levels on each day during period from and including Jan. 14 to and including April 14
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| Final level: | Average of closing levels on each day during the period from and including June 8, 2027 to and including Sept. 7, 2027
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| Downside threshold: | 72% of initial level
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| Strike date: | Jan. 14
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| Pricing date: | Jan. 18
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| Settlement date: | Jan. 21
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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: | 90285D728
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