Published on 7/14/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $250,000 trigger return optimization securities linked to Meta
By Kiku Steinfeld
Chicago, July 14 – UBS AG, London Branch priced $250,000 of trigger return optimization securities due July 5, 2023 linked to the common stock of Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock closes at or above the initial price, the payout at maturity will be par plus five times any gain, capped at 22.13%.
Investors will receive par if the stock declines but finishes at or above 70% of its initial level.
Otherwise, investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger return optimization securities
|
Underlying stock: | Meta Platforms, Inc.
|
Amount: | $250,000
|
Maturity: | July 5, 2023
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus five times any gain, capped at 22.13%; par if stock declines but finishes at or above trigger level; otherwise, exposure to any losses
|
Initial share price: | $342.94
|
Trigger level: | $240.06, 70% of initial level
|
Pricing date: | Dec. 29
|
Settlement date: | Dec. 31
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 0.1%
|
Cusip: | 90302N345
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.