Published on 2/6/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $551,000 digital securities linked to S&P
Chicago, Feb. 6 – UBS AG, London Branch priced $551,000 of 0% digital securities due June 21, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level finishes above the initial level, investors will receive par plus 7% at maturity.
Otherwise, investors will receive par.
UBS Securities LLC and UBS Investment Bank were the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Digital securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $551,000
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| Maturity: | June 21, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If final level is above initial level, par plus 7%; otherwise, par
|
| Initial share price: | 4,158.77
|
| Pricing date: | May 17, 2023
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| Settlement date: | May 22, 2023
|
| Underwriters: | UBS Securities LLC and UBS Investment Bank
|
| Fees: | 0.25%
|
| Cusip: | 90279GJA8
|
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