UBS AG Secures Listing for SPX-linked Digital Plus Equity Note, Offering Lucrative Returns

  • UBS AG receives approval to list UBS Digital Plus Equity Note linked to SPX Index.
  • The structured product offers potential returns through coupon payments based on the performance of an underlying reference asset.
  • Investors can benefit from fixed coupon payments and an out-of-the-money call option if the spot price of the underlying index exceeds certain levels.

UBS AG has been granted approval by The JSE Limited for the listing of the UBS Digital Plus Equity Note linked to the Standard and Poor’s 500 Index (SPX). The structured product, offering potential returns through coupon payments, is set to mature on 30 November 2026.

The UBS Digital Plus Equity Note provides investors with an opportunity to capitalize on the performance of an underlying reference asset. With a fixed maximum tenor, this structured product is specifically designed to generate income by offering coupon payments.

Denominated in South African rand, the Notes serve as a notional representation of a global index. Investors will receive a fixed coupon payment if the spot price of the underlying index surpasses the Digital strike price by the Expiration Date. Additionally, the product incorporates an out-of-the-money (OTM) call option, where investors stand to benefit from the performance of the index if it exceeds the OTM call strike at the Expiration Date, in addition to the coupon payment.

In the event that the spot price of the underlying index falls below the Digital strike level, investors will receive 100% of the nominal amount on the Redemption Date, as long as the Kick-In level has not been breached on the Expiration Date. Conversely, if the underlying index closes at or below its respective Kick-In at the Expiration Date, the redemption value will reflect the performance of the underlying index.

The UBS Digital Plus Equity Note, with an instrument number of 109583 and the alpha code UBS003, will be listed on the JSE. Its International Securities Identification Number (ISIN) is ZAE000322616. The initial issue size of the Note is 8,910 units, and there is a possibility of reopening for additional issuance.

Trading of the UBS Digital Plus Equity Note will commence today, Wednesday, 14 June 2023.

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