Published on 9/7/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $4.9 million capped gears linked to SPDR S&P MidCap 400 ETF trust
By Kiku Steinfeld
Chicago, Sept. 7 – UBS AG, London Branch priced $4.9 million of 0% capped gears due Oct. 31, 2022 linked to the SPDR S&P MidCap 400 ETF trust according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is greater than zero, the payout at maturity will be par of $10 plus 3 times the ETF return, capped at par plus 13.35%. If the ETF 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
|
Issue: | Capped gears
|
Underlying ETF: | SPDR S&P MidCap 400 ETF trust
|
Amount: | $4.9 million
|
Maturity: | Oct. 31, 2022
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 3 times any ETF gain, capped at par plus 13.35%; one-to-one exposure to any ETF decline
|
Initial share price: | $495.28
|
Pricing date: | Aug. 26
|
Settlement date: | Aug. 31
|
Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2%
|
Cusip: | 90285B128
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.