Published on 6/16/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $250,000 return optimization securities tied to Amazon.com
New York, June 16 – UBS AG, London Branch priced $250,000 of return optimization securities due June 4, 2025 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Amazon.com stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Amazon.com capped at 42.48%.
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: | Amazon.com, Inc. (Nasdaq: AMZN)
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Amount: | $250,000
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Maturity: | June 4, 2025
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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 Amazon.com, capped at 42.48%; otherwise, exposure to any losses
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Initial share price: | $121.66
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Pricing date: | May 30
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Settlement date: | June 1
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90286G837
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