Published on 4/24/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 return optimization securities linked to Occidental
New York, April 24 – UBS AG, London Branch priced $100,000 of return optimization securities due April 27, 2023 linked to the common stock of Occidental Petroleum Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If Occidental Petroleum stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Occidental Petroleum capped at 226.05%.
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: | Occidental Petroleum Corp.
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Amount: | $100,000
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Maturity: | April 27, 2023
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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 Occidental Petroleum, capped at 226.05%; otherwise, exposure to any losses
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Initial share price: | $13.81
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Pricing date: | April 24
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Settlement date: | April 28
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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: | 90289H188
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