Published on 4/3/2019 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 buffered return optimization securities on Expedia
New York, April 3 – UBS AG, London Branch priced $100,000 of buffered return optimization securities due April 8, 2020 linked to Expedia Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
If Expedia stock closes at or above its initial price, the payout at maturity will be par plus five times any gain, capped at par plus 11.28%.
If Expedia stock declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
The agent is UBS Financial Services Inc. and UBS Investment Bank.
Issuer: | UBS AG, London Branch
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Issue: | Buffered return optimization securities
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Underlying stock: | Expedia Inc. (Nasdaq: EXPE)
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Amount: | $100,000
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Maturity: | April 8, 2020
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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 return of Expedia stock, capped at 11.28%; par if stock declines by up to 10%; exposure to losses beyond 10%
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Initial share price: | $122.07
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Pricing date: | April 3
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Settlement date: | April 5
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90287P166
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