Published on 4/16/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 buffered return optimization securities linked to PayPal
New York, April 16 – UBS AG, London Branch priced $100,000 of buffered return optimization securities due Jan. 28, 2025 linked to PayPal Holdings, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
If PayPal Holdings stock closes at or above its initial price, the payout at maturity will be par plus two times any gain, capped at par plus 20.18%.
If PayPal Holdings stock declines by up to 15%, the payout will be par. Investors will be exposed to any losses beyond 15%.
The agent is UBS Financial Services Inc. and UBS Investment Bank.
| Issuer: | UBS AG, London Branch
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| Issue: | Buffered return optimization securities
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| Underlying stock: | PayPal Holdings, Inc. (Nasdaq: PYPL)
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| Amount: | $100,000
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| Maturity: | Jan. 28, 2025
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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 return of PayPal Holdings stock, capped at 20.18%; par if stock declines by up to 15%; exposure to losses beyond 15%
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| Initial share price: | $64.78
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 25
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2%
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| Cusip: | 90305A761
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