Published on 3/16/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $238,000 return optimization securities on Kinder Morgan
New York, March 16 – UBS AG, London Branch priced $238,000 of return optimization securities due March 21, 2024 linked to the common stock of Kinder Morgan, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Kinder Morgan stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Kinder Morgan capped at 134.44%.
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: | Kinder Morgan, Inc. (NYSE: KMI)
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Amount: | $238,000
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Maturity: | March 21, 2024
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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 Kinder Morgan, capped at 134.44%; otherwise, exposure to any losses
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Initial share price: | $15.92
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Pricing date: | March 16
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Settlement date: | March 18
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 90285N106
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