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Listing of UBS Autocallable Notes linked to the HSI, SX5E, and SPX Indices
UBS AG, London Branch
("UBS AG" or the "Company")
(Incorporated and domiciled in Switzerland)
(Registration number: CHE-101.329.561)
Listing of UBS Autocallable Notes linked to the HSI, SX5E, and SPX Indices
(the "Notes") – Series 6.
The JSE Limited has granted UBS approval for the listing of the Autocallable
Notes linked to the Hang Seng Index (HSI), EURO STOXX 50 Index (SX5E), and
Standard and Poor's 500 Index (SPX) due 07 May 2030.
An autocallable is a structured product which pays investors return payments,
subject to an underlying reference asset(s) being at or above a specified
level. The products have a fixed maximum tenor; however, the tenor may be
shorter if the product is called. The product has set observation dates on
which the return payments are made, and the product can be called early. The
return paid by the product is financed by a short position in a put option.
The put option has a tenor that matches the maximum tenor of the product.
The Notes are a notional rand denominated structured product referencing
global indices. This product offers a return if on any Observation Date all
Underlyings close at or above the Autocall Barrier level. In this case, the
investor will receive a fixed payment for every observation period that has
passed since inception. The product also allows for early redemption before
expiry, with the investor receiving back their invested capital on top of
the relevant return for the relevant period if all Underlyings close at or
above a specific Autocall Barrier level on any Early Termination Observation
Date.
If no autocall event occurs, the investor will receive 100% of the Nominal
on the Redemption Date provided none of the Knock-In Levels have been breached
on the Expiration Date.
If at least one of the Underlyings closes at or below its respective Knock-
In Level at expiry, the redemption value will reflect the performance of the
worst performing Underlying.
This listing is issued under the Information Memorandum of UBS AG. Trading
will commence on Wednesday, 22 May 2024.
INSTRUMENT NUMBER: 115505
ALPHA CODE: UBGPAD
ISIN: ZAE000334967
ISSUE SIZE (UNITS): 100,000 (unit quotation)
ISSUE PRICE (RAND): 1,000 per Note
UNDERLYING INDICES: Hang Seng Index
Bloomberg ticker: HSI Index
EURO STOXX 50 Index
Bloomberg ticker: SX5E Index
S&P 500 Index
Bloomberg ticker: SPX Index
LISTING DATE: 22 May 2024
EXPIRY DATE: 07 May 2030
Underlyings and Levels (on the Pricing Date):
Index Initial Contingent Mandatory Early Knock-In
Level Coupon Level Termination Level Level
Index 100% of the 100% of the Index 70% of the
Closing Index Closing Closing Level Index Closing
Level Level Level
HSI 18,313.86 18,313.86 18,313.86 12,819.702
SX5E 5,038.17 5,038.17 5,038.17 3,526.719
SPX 5,187.67 5,187.67 5,187.67 3,631.369
Observation Date(s):
n Date
1 N/A
2 05 May 2026
3 04 May 2027
4 09 May 2028
5 08 May 2029
6 07 May 2030
Early Termination Observation Date(s):
n Date
1 N/A
2 05 May 2026
3 04 May 2027
4 09 May 2028
5 08 May 2029
6 07 May 2030
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/products
Johannesburg
21 May 2024
Sponsor: UBS South Africa (Pty) Limited
Date: 21-05-2024 10:45:00
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