Published on 8/18/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $5.21 million capped trigger gears on basket of 15 stocks
By William Gullotti
Buffalo, N.Y., Aug. 18 – UBS AG, London Branch priced $5.21 million of 0% capped trigger gears due Aug. 15, 2025 linked to a basket of 27 equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the stocks of Analog Devices, Inc., Albemarle Corp., Advanced Micro Devices, Inc., Aptiv Plc, Ford Motor Co., General Motors Co., Microchip Technology Inc., Nvidia Corp., NXP Semiconductors N.V., Plug Power Inc., Skyworks Solutions, Inc., TE Connectivity Ltd., Tesla, Inc., Texas Instruments Inc. and Uber Technologies Inc.
If the basket return is positive, the payout at maturity will be par plus double the basket return, up to a maximum payout of par plus 54.3%.
If the basket declines but not by more than 25%, the payout will be par.
If the basket finishes below the 75% downside threshold, investors will lose 1% for every 1% that the basket declines from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
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| Issue: | Capped trigger gears
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| Underlying stocks: | Analog Devices, Inc. (Symbol: ADI), Albemarle Corp. (Symbol: ALB), Advanced Micro Devices, Inc. (Symbol: AMD), Aptiv Plc (Symbol: APTV), Ford Motor Co. (Symbol: F), General Motors Co. (Symbol: GM), Microchip Technology Inc. (Symbol: MCHP), Nvidia Corp. (Symbol: NVDA), NXP Semiconductors N.V. (Symbol: NXPI), Plug Power Inc. (Symbol: PLUG), Skyworks Solutions, Inc. (Symbol: SWKS), TE Connectivity Ltd. (Symbol: TEL), Tesla, Inc. (Symbol: TSLA), Texas Instruments Inc. (Symbol: TXN) and Uber Technologies Inc. (Symbol: UBER); equally weighted
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| Amount: | $5,206,800
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| Maturity: | Aug. 15, 2025
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the basket return is positive, par plus two times the basket gain, capped at par plus 54.3%; if the basket declines by up to 25%, par; if the basket finishes below the downside threshold, 1% loss for every 1% that the basket declines from its initial level
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| Initial share prices: | $168.58 for Analog Devices, Inc., $236.54 for Albemarle, $106.50 for AMD, $166.52 for Aptiv, $13.90 for Ford, $54.62 for GM, $151.15 for Microchip Technology, $199.05 for Nvidia, $214.53 for NXP Semiconductors, $26.41 for Plug, $183.28 for Skyworks, $152.65 for TE Connectivity, $722.25 for Tesla, $187.87 for Texas Instruments, $42.73 for Uber
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| Downside threshold: | 75% of initial basket level
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| Pricing date: | Aug. 12
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| Settlement date: | Aug. 17
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 3%
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| Cusip: | 90279B639
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