Published on 7/29/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $157,000 return optimization securities linked to SPDR S&P MidCap
New York, July 29 – UBS AG, London Branch priced $157,000 of return optimization securities due Aug. 3, 2021 linked to the SPDR S&P Midcap 400 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF closes at or above the initial price, the payout at maturity will be par plus five times any ETF gain, capped at 12.99%.
Investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Return optimization securities
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Underlying ETF: | SPDR S&P Midcap 400 ETF Trust
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Amount: | $157,000
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Maturity: | Aug. 3, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus five times any ETF gain, capped at 12.99%; otherwise, exposure to any losses
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Initial share price: | $344.27
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Pricing date: | July 29
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Settlement date: | July 31
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90289T786
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