Published on 1/11/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.32 million capped trigger gears tied to KeyCorp
By William Gullotti
Buffalo, N.Y., Jan. 11 – UBS AG, London Branch priced $1.32 million of 0% capped trigger gears due Jan. 8, 2026 linked to the stock performance of KeyCorp, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any gain of the stock, capped at par plus 124.5%.
If the stock falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the stock declines from the initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Capped trigger gears
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| Underlying stock: | KeyCorp
|
| Amount: | $1,324,000
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| Maturity: | Jan. 8, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If stock gains, par plus 200% of return of the stock, capped at par plus 124.5%; if the stock falls by up to 25%, par; otherwise, 1% loss for every 1% that the stock declines from initial level
|
| Initial level: | $14.33
|
| Downside threshold: | $10.75; 75% of initial level
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| Strike date: | Jan. 4
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| Pricing date: | Jan. 5
|
| Settlement date: | Jan. 10
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 0.4%
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| Cusip: | 90279WD68
|
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