Published on 2/7/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $5.51 million capped buffered return notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Feb. 7 – UBS AG, London Branch priced $5.51 million of 0% capped buffered return notes with downside leverage factor due Oct. 11, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of par plus 9.35%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Capped buffered return notes with downside leverage factor
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Underlying index: | S&P 500 index
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Amount: | $5,511,000
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Maturity: | Oct. 11, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 9.35%; par if index declines by 10% or less; 1.1111% loss for each 1% decline beyond 10%
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Initial value: | 4,589.38
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Buffer level: | 4,130.44, 90% of initial level
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Pricing date: | Feb. 2
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Settlement date: | Feb. 7
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Agents: | J.P. Morgan Securities LLC and UBS Investment Bank
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Fees: | 0%
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Cusip: | 90279DXN1
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