Kiku Steinfeld
Chicago, April 6 – UBS AG, London Branch priced $2.35 million of 0% trigger securities due Oct. 1, 2026 linked to the SPDR S&P 500 exchange-traded fund trust, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 100% of any ETF gain.
If the ETF finishes below the initial level but at or above its trigger level, 71.438216% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger performance securities
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Underlying ETF: | SPDR S&P 500 ETF trust
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Amount: | $2.35 million
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Maturity date: | Oct. 1, 2026
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 100% of any ETF gain; if ETF finishes below initial level but at or above trigger level, par; otherwise, full exposure to losses
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Initial level: | $442.64
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Trigger level: | $316.21, 71.438216% of its initial level
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Pricing date: | Sept. 27
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Settlement date: | Sept. 29
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3%
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Cusip: | 90301C191
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