Published on 4/5/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $7.05 million buffered PLUS linked to Equal Weight ETF
By Wendy Van Sickle
Columbus, Ohio, April 5 – UBS AG, London Branch priced $7.05 million of 0% buffered PLU with downside leverage due April 1, 2027 linked to the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the ETF is positive, the payout at maturity will be par plus 120% of the ETF return, subject to a maximum return of 39.6%. Investors will receive par if the ETF declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Buffered PLUS with downside leverage
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Underlying ETF: | Invesco S&P 500 Equal Weight ETF
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Amount: | $7.05 million
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Maturity: | April 1, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF return is positive, par plus 120% of ETF return, subject to maximum return of 39.6%; par if ETF declines by 10% or less; 1.1111% loss for every 1% that ETF declines beyond 10%
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Initial level: | 169.37
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Buffer level: | 90% of initial level
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Pricing date: | March 28
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Settlement date: | April 3
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Agent: | UBS Securities LLC
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Fees: | 3%
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Cusip: | 902674Z78
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