E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/28/2023 in the Prospect News Structured Products Daily.

New Issue: UBS prices $568,000 trigger return optimization securities linked to Disney

Chicago, Aug. 28 – UBS AG, London Branch priced $568,000 of trigger return optimization securities due Feb. 23, 2024 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.

If Walt Disney stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Walt Disney capped at 28.17%.

Investors will receive par if the stock declines but finishes above the 80% trigger level and will share in any losses if it closes below the trigger level.

UBS Financial Services Inc. and UBS Investment Bank are the underwriters.

Issuer:UBS AG, London Branch
Issue:Trigger return optimization securities
Underlying stock:Walt Disney Co. (NYSE: DIS)
Amount:$568,000
Maturity:Feb. 23, 2024
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus five times any gain in common stock of Walt Disney, capped at 28.17%; par if stock declines but finishes above the trigger level; otherwise, exposure to any losses
Initial share price:$122.81
Trigger level:$98.25, 80% of initial price
Pricing date:Aug. 17, 2022
Settlement date:Aug. 19, 2022
Underwriters:UBS Financial Services Inc. and UBS Investment Bank
Fees:1%
Cusip:90303V213

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.