Published on 6/4/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 return optimization securities linked to Twitter
New York, June 4 – UBS AG, London Branch priced $100,000 of return optimization securities due June 9, 2021 linked to the common stock of Twitter, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Twitter stock closes at or above the initial price, the payout at maturity will be par plus three times any gain in common stock of Twitter capped at 38.24%.
Investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Return optimization securities
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Underlying stock: | Twitter, Inc. (NYSE: TWTR)
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Amount: | $100,000
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Maturity: | June 9, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus three times any gain in common stock of Twitter, capped at 38.24%; otherwise, exposure to any losses
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Initial share price: | $33.72
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Pricing date: | June 4
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Settlement date: | June 8
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90289L551
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