Published on 3/4/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $145,000 trigger return optimization securities linked to Technology Select
New York, March 4 – UBS AG, London Branch priced $145,000 of trigger return optimization securities due Sept. 2, 2025 linked to the Technology Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund closes at or above the initial price, the payout at maturity will be par plus 1.25 times any gain in the ETF, capped at 18.83%.
Investors will receive par if the fund declines but finishes above the 80% trigger level and will share in any losses if it closes below the trigger level.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger return optimization securities
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Underlying fund: | Technology Select Sector SPDR Fund
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Amount: | $145,000
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Maturity: | Sept. 2, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.25 times any gain in ETF, capped at 18.83%; par if fund declines but finishes above the trigger level; otherwise, exposure to any losses
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Initial share price: | $205.67
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Trigger level: | $164.54, 80% of initial price
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Pricing date: | Feb. 27
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Settlement date: | Feb. 29
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90306W499
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