Published on 9/19/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $420,000 return optimization securities tied to Exxon Mobil
New York, Sept. 20 – UBS AG, London Branch priced $420,000 of return optimization securities due Sept. 22, 2026 linked to the common stock of Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If Exxon Mobil stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Exxon Mobil capped at 162.48%.
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: | Exxon Mobil Corp. (NYSE: XOM)
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Amount: | $420,000
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Maturity: | Sept. 22, 2026
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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 Exxon Mobil, capped at 162.48%; otherwise, exposure to any losses
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Initial share price: | $55.16
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Pricing date: | Sept. 17
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Settlement date: | Sept. 21
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90301A245
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