Published on 8/28/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $210,000 return optimization securities linked to Marriott
New York, Aug. 28 – UBS AG, London Branch priced $210,000 of return optimization securities due Sept. 3, 2025 linked to the common stock of Marriott International, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Marriott International stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Marriott International capped at 90.27%.
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: | Marriott International, Inc. (Nasdaq: MAR)
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Amount: | $210,000
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Maturity: | Sept. 3, 2025
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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 Marriott International, capped at 90.27%; otherwise, exposure to any losses
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Initial share price: | $106.26
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Pricing date: | Aug. 28
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Settlement date: | Sept. 1
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90281R770
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