Published on 1/3/2020 in the Prospect News Structured Products Daily.
New Issue: UBS sells $123,000 trigger performance securities on Energy Select Sector SPDR
By Sarah Lizee
Olympia, Wash., Jan. 3 – UBS AG, London Branch priced $123,000 of 0% trigger securities due Dec. 30, 2022 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 159.819272% of any ETF gain.
If the ETF closes at or above its trigger level, 75% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger performance securities
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Underlying ETF: | Energy Select Sector SPDR fund
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Amount: | $123,000
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Maturity date: | Dec. 30, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If fund gains, par plus 159.819272% of any ETF gain; if ETF closes at or above trigger level, par; otherwise, full exposure to any losses
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Initial level: | $61.68
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Trigger level: | $46.26, 75% of if its initial level
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Pricing date: | Dec. 27
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Settlement date: | Dec. 31
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 90288Q502
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