Published on 7/20/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $152,500 return optimization securities linked to Snap
New York, July 20 – UBS AG, London Branch priced $152,500 of return optimization securities due July 24, 2023 linked to the common stock of Snap Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Snap stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Snap, capped at par plus 70.37%.
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 stock: | Snap Inc. (NYSE: SNAP)
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Amount: | $152,500
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Maturity: | July 24, 2023
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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 gain in common stock of Snap, capped at par plus 70.37%; otherwise, exposure to any losses
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Initial share price: | $14.15
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Pricing date: | July 19
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Settlement date: | July 21
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90303R592
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