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Listing of UBS Actively Managed Certificates linked to the Capital Link Partners Asia 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 Portfolio.
The JSE Limited has granted UBS AG approval for the listing of UBS
Portfolio Notes linked to the Capital Link Partners Asia 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 5 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. In order to take
advantage of the good successes CLP is having in Asia and offer that
success to South African investors, CLP is creating a strategy that is
focused on Asia.
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 investment process starts with a top-down investment process involving
the use of macroeconomic analysis to determine the strength of the economy
and how interest rates may change. After determining the strength of the
economy, sectors in the economy are analysed to find the drivers of the
economic strength. A bottom-up fundamental analysis in the companies in
each sector are then done to understand drivers of each company.
Investment universe:
UNDERLYING STOCK UNIVERSE: Developed 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).
UNDERLYING INDEX UNIVERSE: Total Return Index Constituents include
indices that are exposed to Developed
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 (as defined in
the most recent MSCI Global Investable
Market Indexes Methodology) worldwide
stocks.
UNDERLYING FX UNIVERSE: FX Forwards exposed to G10 currencies, ZAR,
TWD, and IDR may be incorporated as FX
Constituents in the Reference Portfolio
UNDERLYING CURRENCY USD, EUR, AUD, and CNH 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 21) is issued under the Information Memorandum of UBS
AG for the Issuance of Notes up to an authorised amount of ZAR
14,000,000,000. Trading will commence on Tuesday, 29 November 2022.
INSTRUMENT NUMBER: 105779
ALPHA CODE: CLPASI
ISIN: ZAE000316493
ISSUE SIZE (UNITS): 1,000,000
ISSUE PRICE (RAND/UNIT): 100.00
LISTING DATE: 29 November 2022
EXPIRY DATE: 30 November 2027
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
28 November 2022
Sponsor: UBS South Africa (Pty) Limited
Date: 28-11-2022 04:00:00
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