Published on 3/14/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $541,000 buffered return optimization securities linked to iShares Russell
New York, March 14 – UBS AG, London Branch priced $541,000 of buffered return optimization securities due March 14, 2025 linked to the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF closes at or above its initial price, the payout at maturity will be par plus two times any gain, capped at par plus 11.48%.
If the ETF declines by up to 5%, the payout will be par. Investors will be exposed to any losses beyond 5%.
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 fund: | iShares Russell 2000 ETF
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Amount: | $541,000
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Maturity: | March 14, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus two times return of ETF, capped at 11.48%; par if ETF declines by up to 5%; exposure to losses beyond 5%
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Initial share price: | $205.19
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Pricing date: | March 11
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Settlement date: | March 13
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90307B155
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