By Marisa Wong
Morgantown, W.Va., Oct. 18 – UBS AG, London Branch priced $575,000 of 0% trigger performance securities due Oct. 20, 2022 linked to the common stock of General Electric Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock return is positive, the payout at maturity will be par of $10 plus 192.851392% of the stock return.
If the stock return is zero or negative and the final price is greater than or equal to 75% of the initial price, the payout will be par.
Otherwise, investors will be fully exposed to the share price decline.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger performance securities
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Underlying stock: | General Electric Co. (Symbol: GE)
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Amount: | $575,000
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Maturity: | Oct. 20, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If stock return is positive, par plus 192.851392% of stock return; par if stock falls by up to 25%; otherwise, full exposure to losses
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Initial price: | $23.19
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Trigger level: | $17.39, 75% of initial price
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Pricing date: | Oct. 17
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Settlement date: | Oct. 19
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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: | 90283D704
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