Chicago, Feb. 24 – UBS AG, London Branch priced $4.53 million of 0% capped gears due April 17, 2028 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, if the index’s return is greater than or equal to 51%, the payout will be par plus 98.3%.
If the index return is greater than or equal to 19% but less than 51%, the payout will be par plus 2.2703125 times the excess of the return over 19% plus 25.65%.
If the index return is greater than or equal to flat but less than 19%, the payout will be par plus 1.35 times the return.
If the index declines but is greater than negative 5%, investors receive par.
If the index declines more than 5% but not more than 25%, investors will lose 1.25% for each 1% that the index declines beyond 5%.
If the index finishes below its 75% downside threshold, investors will lose 1% for every 1% decline in the index 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: | Capped gears
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| Underlying index: | Russell 2000 index
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| Amount: | $4,532,000
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| Maturity: | April 17, 2028
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is greater than or equal to 51%, par plus 98.3%; if index return is greater than or equal to 19% but less than 51%, par plus 2.2703125 times the excess of the return over 19% plus 25.65%; if index return is at least flat but less than 19%, par plus 1.35 times the return; if index declines but not more than 5%, par; if index return is greater than or equal to negative 25% but less than negative 5%, investors will lose 1.25% for every 1% decline beyond 5%; otherwise, full exposure to loss if index falls by more than 25%
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| Initial index level: | 2,020.572, average of closing levels on each day during period from and including March 22 to and including April 28
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| Final level: | Average of closing levels on each day during the period from and including Jan. 12, 2028 to and including April 11, 2028
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| Strike date: | March 22, 2022
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| Pricing date: | March 23, 2022
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| Settlement date: | March 28, 2022
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 0.25%
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| Cusip: | 90290V820
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