By William Gullotti
Buffalo, N.Y., Dec. 12 – UBS AG, London Branch priced $5 million of 0% trigger in-digital securities due Nov. 15, 2023 linked to the ICE Brent Crude futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the commodity is greater than or equal to its digital barrier, 50% of its initial level, the payout at maturity will be par of $10 plus 18%.
If the final level of the commodity is less than its digital barrier, investors will lose 1% for every 1% that the commodity declines 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: | Trigger in-digital securities
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Underlying commodity: | ICE Brent Crude futures contract
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Amount: | $5 million
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Maturity: | Nov. 15, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final level of the commodity is greater than or equal to digital barrier, par plus 18%; if final level of the commodity is less than digital barrier, 1% loss for every 1% that commodity declines from initial level
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Initial level: | $94.57
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Digital barrier: | $47.29; 50% of initial level
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Strike date: | Oct. 13
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Pricing date: | Oct. 14
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Settlement date: | Oct. 19
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90289V468
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