Published on 5/21/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.66 million capped gears linked to stock basket
By Kiku Steinfeld
Chicago, May 21 – UBS AG, London Branch priced $1.66 million of 0% capped gears due May 2, 2023 linked to an equally-weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The stocks are Chipotle Mexican Grill, Inc., General Motors Co., JPMorgan Chase & Co., Gap, Inc. and Lockheed Martin Corp.
If the basket return is greater than zero, the payout at maturity will be par of $10 plus three times the basket return, subject to a maximum return of 45%. If the basket return is negative, investors will have one-to-one exposure to the decline.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Capped gears
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| Underlying stocks: | Chipotle Mexican Grill, Inc., General Motors Co., JPMorgan Chase & Co., Gap, Inc. and Lockheed Martin Corp.; equally weighted
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| Amount: | $1.66 million
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| Maturity: | May 2, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If basket return is greater than zero, par plus three times basket return, subject to 45% maximum return; one-to-one exposure to any basket decline
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| Initial levels: | $1,468.87 for Chipotle, $58.97 for GM, $34.40 for Gap, $151.25 for JPMorgan, $373.22 for Lockheed
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| Pricing date: | April 27
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| Settlement date: | April 30
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | None
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| Cusip: | 90276BB44
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