New Issue: UBS sells $841,000 capped buffer contingent absolute return securities on S&P

By Kiku Steinfeld

Chicago, Nov. 28 – UBS AG, London Branch priced $841,000 of 0% capped buffer contingent absolute return securities due April 25, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to par plus 7.55%.

If the index declines by no more than 20%, the payout at maturity will be par plus the absolute value of the index’s return.

Otherwise, investors will lose 1% for each 1% decline of the index beyond 20%.

UBS Securities LLC is the agent.

Issuer:	UBS AG, London Branch
Issue:	Capped buffer contingent absolute return securities
Underlying index:	S&P 500 index
Amount:	$841,000
Maturity:	April 25, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, up to par plus 7.55%; if index declines by no more than 20%, par plus the absolute value of index’s return; otherwise, 1 % loss for each 1% decline of the index beyond 20%
Initial level:	4,137.64
Buffer level:	3,310.11; 80% of initial level
Pricing date:	April 14, 2023
Settlement date:	April 19, 2023
Agent:	UBS Securities LLC
Fees:	0.25%
Cusip:	90279GDV8

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