Published on 4/29/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $189,868 9.4% trigger yield optimization notes tied to SPDR S&P Oil & Gas
New York, April 29 – UBS AG, London Branch priced $189,867.92 of 9.4% annualized trigger yield optimization notes due Aug. 12, 2024 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $132.22, which is equal to the initial share price.
Interest is payable monthly.
The payout at maturity will be par unless the final price is less than 83% of the initial share price, in which case investors will receive the value of one ETF 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 fund: | SPDR S&P Oil & Gas Exploration & Production ETF
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Amount: | $189,867.92
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Maturity: | Aug. 12, 2024
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Coupon: | 9.4%, payable monthly
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Price: | Par of $132.22
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Payout at maturity: | If final share price is less than trigger price, value of one ETF share in cash; otherwise, par
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Initial share price: | $132.22
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Trigger price: | $109.74, 83% of initial price
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Pricing date: | Feb. 7
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Settlement date: | Feb. 9
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 0.8%
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Cusip: | 90306V434
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