Published on 9/1/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $202,000 trigger return optimization securities linked to Generac
New York, Sept. 1 – UBS AG, London Branch priced $202,000 of trigger return optimization securities due Sept. 3, 2024 linked to the common stock of Generac Holdings Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Generac Holdings stock closes at or above the initial price, the payout at maturity will be par plus two times any gain in common stock of Generac Holdings capped at 38.17%.
Investors will receive par if the stock declines but finishes above the 75% trigger level and will share in any losses if it closes below the trigger level.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger return optimization securities
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Underlying stock: | Generac Holdings Inc. (NYSE: GNRC)
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Amount: | $202,000
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Maturity: | Sept. 3, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus two times any gain in common stock of Generac Holdings, capped at 38.17%; par if stock declines but finishes above the trigger level; otherwise, exposure to any losses
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Initial share price: | $119.18
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Trigger level: | $89.39, 75% of initial price
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Pricing date: | Aug. 28
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Settlement date: | Aug. 30
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90301V629
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