Published on 8/11/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $2.33 million trigger in-digital notes linked to Invesco ETF, Russell index
By William Gullotti
Buffalo, N.Y., Aug. 11 – UBS AG, London Branch priced $2.33 million of 0% trigger in-digital notes due Feb. 6, 2025 linked to lesser performing of the Invesco S&P 500 Equal Weight ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of each underlier is greater than or equal to its digital barrier, 70% of its initial level, the payout at maturity will be par plus 14.75%.
Otherwise, investors will lose 1% for every 1% that the worst performer 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 notes
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Underlying assets: | Invesco S&P 500 Equal Weight ETF, Russell 2000 index
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Amount: | $2,332,000
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Maturity: | Feb. 6, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level of each underlier is greater than or equal to digital barrier, par plus 14.75%; otherwise, 1% loss for every 1% that worst performer declines from initial level
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Initial levels: | $154.25 for ETF, 1,994.167 for Russell
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Digital barriers: | $107.98 for ETF, 1,395.917 for Russell; 70% of initial levels
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Pricing date: | Aug. 1
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Settlement date: | Aug. 4
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | None
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Cusip: | 90279GZC6
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