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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
Issue:Trigger in-digital notes
Underlying assets:Invesco S&P 500 Equal Weight ETF, Russell 2000 index
Amount:$2,332,000
Maturity:Feb. 6, 2025
Coupon:0%
Price:Par
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
Initial levels:$154.25 for ETF, 1,994.167 for Russell
Digital barriers:$107.98 for ETF, 1,395.917 for Russell; 70% of initial levels
Pricing date:Aug. 1
Settlement date:Aug. 4
Agents:UBS Financial Services Inc. and UBS Investment Bank
Fees:None
Cusip:90279GZC6

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