Published on 4/26/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $99,985 18.69% trigger yield optimization notes on Nvidia
New York, April 26 – UBS AG, London Branch priced $99,984.72 of 18.69% annualized trigger yield optimization notes due July 30, 2024 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $826.32, which is equal to the initial share price of Nvidia stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Nvidia stock is less than 80% of the initial share price, in which case investors will receive the value of one Nvidia share in cash per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger yield optimization notes
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Underlying stock: | Nvidia Corp. (Nasdaq: NVDA)
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Amount: | $99,984.72
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Maturity: | July 30, 2024
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Coupon: | 18.69%, payable monthly
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Price: | Par of $826.32
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Payout at maturity: | If final share price is less than trigger price, value of one Nvidia share in cash; otherwise, par
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Initial share price: | $826.32
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Trigger price: | $661.06, 80% of initial price
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Pricing date: | April 25
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Settlement date: | April 29
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 0.7%
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Cusip: | 90307G451
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