By Wendy Van Sickle
Columbus, Ohio, Nov. 2 – UBS AG, London Branch priced $33 million of 0% capped buffer in-gears due Nov. 6, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to 50%, the payout at maturity will be par plus 33.2%.
If the index return is less than 30% but greater than or equal to 0%, the payout at maturity will be par plus 89.68% of the index return plus 6.3%.
If the index return is less than 0% but greater than or equal to negative 9%, the payout at maturity will be par plus plus 0.7 times the difference between the return and negative 9%.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Capped buffer in-gears
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| Underlying index: | Dow Jones industrial average
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| Amount: | $33 million
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| Maturity: | Nov. 6, 2024
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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 30%, par plus 33.2%; if the index return is less than 30% but greater than 0%, par plus 89.68% of the index return plus 6.3%; if the index return is less than 0% but greater than or equal to negative 9%, par plus 0.7 times the difference between the return and negative 9%; 1% for every 1% decline beyond 9%
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| Initial level: | Average of index closing levels over three-month period from Oct. 25 to and including Nov. 4
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| Final level: | Average of index closing levels over the three-month period from Aug. 6, 2024 to and including Nov. 1, 2024
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| Pricing date: | Oct. 26
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| Settlement date: | Oct. 28
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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: | 90285B771
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