By Kiku Steinfeld
Chicago, Nov. 17 – UBS AG, London Branch priced $480,000 of 0% airbag return optimization securities due Nov. 7, 2025 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock return is positive, the payout at maturity will be par plus 1.5 times the gain, with the return capped at 76.45%.
If the stock finishes flat or declines by up to 15%, the payout will par.
Otherwise, investors will lose 1.18% for every 1% share price decline beyond 15%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Airbag return optimization securities
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Underlying stock: | Microsoft Corp.
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Amount: | $480,000
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Maturity: | Nov. 7, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any stock gain, with the return capped at 76.45%; if stock finishes flat or falls by up to 15%, par; otherwise, 1.18% loss for every 1% share price decline beyond 15%
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Initial share price: | $216.39
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Threshold level: | 85% of initial level
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Pricing date: | Nov. 4
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Settlement date: | Nov. 6
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90282E414
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