Published on 2/21/2019 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 buffered return optimization securities linked to Transocean
New York, Feb. 21 – UBS AG, London Branch priced $100,000 of buffered return optimization securities due Feb. 26, 2020 linked to Transocean Ltd. stock, according to a 424B2 filing with the Securities and Exchange Commission.
If Transocean stock closes at or above its initial price, the payout at maturity will be par plus five times any gain, capped at par plus 17.98%.
If Transocean stock declines by up to 20%, the payout will be par. Investors will be exposed to any losses beyond 20%.
The agent is UBS Financial Services Inc. and UBS Investment Bank.
Issuer: | UBS AG, London Branch
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Issue: | Buffered return optimization securities
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Underlying stock: | Transocean Ltd. (NYSE: RIG)
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Amount: | $100,000
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Maturity: | Feb. 26, 2020
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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 return of Transocean stock, capped at 17.98%; par if stock declines by up to 20%; exposure to losses beyond 20%
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Initial share price: | $8.50
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Pricing date: | Feb. 21
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Settlement date: | Feb. 25
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90286R494
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