Published on 1/27/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.85 million capped airbag gears due 2023 tied to MSCI EM index
Chicago, Jan. 27 – UBS AG, London Branch priced $1.85 million of 0% capped airbag gears due July 26, 2023 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum gain of par plus 33%. Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
UBS Investment Bank and UBS Financial Services Inc. are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Capped airbag gears
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Underlying index: | MSCI Emerging Markets index
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Amount: | $1,850,000
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Maturity: | July 26, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times index return, subject to a maximum gain of par plus 33%; par if index falls by up to 15%; 1.1765% loss for each 1% decline beyond 15%
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Initial level: | 1,406.07
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Downside threshold level: | 1,195.16, 85% of initial level
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Pricing date: | Jan. 21
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Settlement date: | Jan. 26
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Agents: | UBS Investment Bank and UBS Financial Services Inc.
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Fees: | None
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Cusip: | 90276BNR0
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