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Listing of UBS Actively Managed Certificates linked to the Capital Link Partners Asia Growth 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 Certificates linked to the Capital Link
Partners Asia Growth Portfolio.
The JSE Limited has granted UBS AG approval for the listing of UBS
Portfolio Notes linked to the Capital Link Partners Asia Growth 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:
Capital Link Partners (Pty) Ltd (“CLP”) is a boutique investment firm that
strives for consistent returns through application of fundamentals and
innovation. CLP has managed a global fund for 6 years, during which, CLP
has had great success in choosing themes and stocks in the Asian markets.
However, the impact of this successful investing in Asia has been diluted
by allocations to other regions around the world. To capitalize on CLP's
achievements in Asia and extend the benefits to South African investors,
CLP has formulated a targeted strategy with a primary focus on Asian
markets.
Core principles driving CLP’s investment process:
• They believe long term wealth is created by consistent organic
growth.
• They believe in consistent organic growth that is supported by themes
because themes tend to evolve over the long term and tend to outlast
macroeconomic changes.
• This growth has low volatility leading to less volatile profitability
of companies.
• They believe companies fail because of balance sheet weakness.
• Companies with strong balance sheets have room to invest for long
term organic growth.
• Companies with strong balance sheets are able to survive a slump in
sales which enables them to withstand depressed economic activity.
More information about CLP can be found at https://www.clpsa.co.za. CLP is
regulated by the Financial Services Conduct Authority with license number
47485.
The portfolio and investment mandate focuses on Asia (ex. Japan). The
portfolio is allocated in countries according to the size (gross domestic
product) and growth of gross domestic product. The allocation to each
country is capped at two times the average weight of all countries to
prevent concentration. The portfolio will be rebalanced quarterly. At
rebalancing, the weight is adjusted proportionally to GDP growth while
applying the cap in weight as the selection process.
Investment universe:
UNDERLYING STOCK UNIVERSE: Developed and Emerging Market (as defined
in the most recent MSCI Global Investable
Market Indexes Methodology) worldwide
stocks, as well as the People's Republic of
China (excluding Macau and Taiwan) via the
Stock Connect Scheme stocks may be
incorporated.
Stocks which are American Depository
Receipts (ADRs) and Global Depository
Receipts (GDRs) as well shares listed on
the Main Board of the Johannesburg Stock
Exchange may be incorporated.
UNDERLYING INDEX UNIVERSE: Total Return Index Constituents include
indices that are exposed to Developed
and/or Emerging Market (as defined in the
most recent MSCI Global Investable Market
Indexes Methodology) worldwide stocks.
UNDERLYING ETF UNIVERSE: ETFs that are physically replicated,
exposed to Developed Market and Emerging
Market (as defined in the most recent MSCI
Global Investable Market Indexes
Methodology) worldwide stocks or benchmark
indices as well as ETFs listed on the Main
Board of the Johannesburg Stock Exchange
may be incorporated.
UNDERLYING FX UNIVERSE: FX Forwards exposed to G10 currencies and
ZAR, SGD, HKD, and CNH may be incorporated
as FX Constituents in the Reference
Portfolio.
UNDERLYING CURRENCY USD, EUR, CNH, and AUD 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 33) is issued under the Information Memorandum of UBS
AG. Trading will commence on Wednesday, 20 September 2023.
INSTRUMENT NUMBER: 111369
ALPHA CODE: ASIAGR
ISIN: ZAE000326666
ISSUE SIZE (UNITS): 1,000,000
ISSUE PRICE (RAND/UNIT): 100.00
LISTING DATE: 20 September 2023
EXPIRY DATE: 19 September 2028
SECTOR: Specialist Securities
SUB-SECTOR: Actively Managed Certificates
FOREIGN STATUS: The Note is 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
19 September 2023
Sponsor: UBS South Africa (Pty) Limited
Date: 19-09-2023 02:00:00
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