Published on 8/2/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $561,000 buffer digital securities on Dow
Chicago, Aug. 2 – UBS AG, London Branch priced $561,000 of 0% buffer digital securities due Oct. 31, 2024 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 10.85% if the index return is positive.
Investors will receive par if the index falls by up to 10% and will lose 1% per 1% drop beyond 10%.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
|
Issue: | Buffer digital securities
|
Underlying index: | Dow Jones Industrial Average
|
Amount: | $561,000
|
Maturity: | Oct. 31, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 10.85% if index return is positive; par if index declines by up to 10%; 1% loss for every 1% that index declines beyond 10%
|
Initial index level: | 35,520.12
|
Buffer level: | 31,968.11, 90% of initial level
|
Pricing date: | July 26
|
Settlement date: | July 31
|
Underwriter: | UBS Securities LLC and UBS Investment Bank
|
Fees: | 1.8%
|
Cusip: | 90279GXG9
|
|
© 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.