Published on 6/27/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $6.25 million buffer in-digital securities tied to Nasdaq-100, Russell 2000
By William Gullotti
Buffalo, N.Y., June 27 – UBS AG, London Branch priced $6.25 million of 0% buffer in-digital securities due July 25, 2024 linked to the performance of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 80% buffer level, the payout at maturity will be par plus 11%.
Otherwise, investors will lose 1% for every 1% decline of the worst performer below 20%.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Buffer in-digital securities
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index
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Amount: | $6.25 million
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Maturity: | July 25, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above buffer level, par plus 11%; otherwise, lose 1% for each 1% decline of the worst performer below buffer level
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Initial index levels: | 1,863.015 for Russell, 14,867.45 for Nasdaq
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Buffer levels: | 1,490.412 for Russell, 11,893.96 for Nasdaq; 80% of initial levels
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Strike date: | June 21
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Pricing date: | June 22
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Settlement date: | June 27
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Agents: | UBS Securities LLC and UBS Investment Bank
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Fees: | 0.1%
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Cusip: | 90279GSB6
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