Published on 4/22/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $130,400 buffered return optimization securities linked to iShares Russell
New York, April 22 – UBS AG, London Branch priced $130,400 of buffered return optimization securities due April 24, 2025 linked to the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF closes at or above its initial price, the payout at maturity will be par plus two times any gain, capped at par plus 11.7%.
If the ETF declines by up to 5%, the payout will be par. Investors will be exposed to any losses beyond 5%.
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 fund: | iShares Russell 2000 ETF
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| Amount: | $130,400
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| Maturity: | April 24, 2025
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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 return of iShares Russell, capped at 11.7%; par if ETF declines by up to 5%; exposure to losses beyond 5%
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| Initial share price: | $193.14
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| Pricing date: | April 19
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| Settlement date: | April 23
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.75%
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| Cusip: | 90307F644
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