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Listing of UBS Actively Managed Certificate linked to the Coherent Fuel Hedge Portfolio
UBS AG, London Branch
("UBS AG" or the "Company")
(Incorporated and domiciled in Switzerland)
(Registration number: CHE-101.329.561)
Listing of UBS Actively Managed Certificate linked to the Coherent Fuel Hedge
Portfolio.
The JSE Limited has granted UBS AG approval for the listing of UBS Portfolio
Notes linked to the Coherent Fuel Hedge Portfolio (the "Reference
Portfolio").
The Reference Portfolio, whose composition may vary from time to time, is
actively managed by the Reference Portfolio Advisor and represents a notional
investment in the Reference Portfolio Components as described in detail
below.
Background:
Coherent Capital Management (Pty) Ltd ("Coherent") is a leading commodity
firm that focuses on commodity investment portfolios and the application of
commodity price risk management techniques to corporate finance. More
information about Coherent can be found at https://coherentcommodities.com/.
Coherent is regulated by the Financial Services Conduct Authority with
license number 49606.
The Coherent Fuel Hedge Portfolio offers risk managed access to the
individual components of the energy sector of the commodity asset class.
The portfolio's asymmetrical payoff profile provides the fuel consumer with
protection against rising fuel prices while retaining the benefit of falling
fuel prices.
For the financial investor, this portfolio provides diversification from the
traditional bond and equity asset classes, as well as being an important
element in hedging against rising inflation.
Investment universe:
UNDERLYING SECURITISED UNIVERSE: Securitised products issued by UBS AG may
be incorporated as Securitised Products
Constituents.
UNDERLYING FX FORWARDS UNIVERSE: FX Forwards exposed to G10 currencies, ZAR,
SGD, HKD, and CNH may be incorporated.
UNDERLYING CURRENCY ACCOUNT: USD synthetic cash account.
Other:
Noteholders should be aware that the Reference Portfolio Advisor is
independent of the Issuer. The performance of the Product is largely
dependent on the skill and decisions made by the Reference Portfolio Advisor.
Decisions made by the Reference Portfolio Advisor may not always be
profitable and therefore may have a material adverse impact on the value of
this Product. Moreover, past performance of other products managed by the
Reference Portfolio Advisor does not guarantee future positive performance
of this Product.
Listing information:
This listing (Series 37) is issued under the Information Memorandum of UBS
AG. Trading will commence on Wednesday, 22 May 2024.
INSTRUMENT NUMBER: 115595
ALPHA CODE: FUELZA
ISIN: ZAE000335022
ISSUE SIZE (UNITS): 1,000,000
ISSUE PRICE (RAND/UNIT): 100.00
LISTING DATE: 22 May 2024
EXPIRY DATE: 22 May 2029
SECTOR: Specialist Securities
SUB-SECTOR: Actively Managed Certificates
FOREIGN STATUS: The Notes are classified as Foreign for
purposes of the South African Reserve Bank
Exchange Control Regulations.
For further information kindly contact:
UBS KeyInvest South Africa
Tel.: +27 11 322 7129 / 7317
E-mail: keyinvestza@ubs.com
Web: http://keyinvest-za.ubs.com/AMC
Johannesburg
21 May 2024
Sponsor: UBS South Africa (Pty) Limited
Date: 21-05-2024 10:45:00
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