Published on 6/22/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,981 3.99% trigger yield optimization notes linked to General Mills
New York, June 22 – UBS AG, London Branch priced $99,981.42 of 3.99% annualized trigger yield optimization notes due Dec. 28 linked to the common stock of General Mills, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $45.22, which is equal to the initial share price of General Mills stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of General Mills stock is less than 80% of the initial share price, in which case investors will receive one General Mills share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | General Mills, Inc. (NYSE: GIS)
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Amount: | $99,981.42
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Maturity: | Dec. 28
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Coupon: | 3.99%, payable monthly
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Price: | Par of $45.22
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Payout at maturity: | If final share price is less than trigger price, one General Mills share; otherwise, par
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Initial share price: | $45.22
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Trigger price: | $36.18, 80% of initial price
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Pricing date: | June 22
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Settlement date: | June 26
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90284M349
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