Published on 5/21/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 return optimization securities on Tesla Motors
New York, May 21 – UBS AG, London Branch priced $100,000 of return optimization securities due May 25, 2022 linked to the common stock of Tesla Motors, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Tesla Motors stock closes at or above the initial price, the payout at maturity will be par plus two times any gain in common stock of Tesla Motors capped at 115.56%.
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: | Tesla Motors, Inc. (Nasdaq: TSLA)
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Amount: | $100,000
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Maturity: | May 25, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus two times any gain in common stock of Tesla Motors, capped at 115.56%; otherwise, exposure to any losses
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Initial share price: | $815.56
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Pricing date: | May 20
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Settlement date: | May 22
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90289K116
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