Published on 6/25/2018 in the Prospect News Structured Products Daily.
New Issue: UBS prices $200,000 buffered return optimization securities linked to SPDR Dow
New York, June 25 – UBS AG, London Branch priced $200,000 of buffered return optimization securities due June 30, 2021 linked to the SPDR Dow Jones Industrial Average 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 23.4%.
If the ETF declines by up to 20%, the payout will be par. Investors will be exposed to any losses beyond 20%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Buffered return optimization securities
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Underlying ETF: | SPDR Dow Jones Industrial Average ETF
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Amount: | $200,000
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Maturity: | June 30, 2021
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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 any ETF gain, capped at 23.4%; par if ETF declines by up to 20%; exposure to losses beyond 20%
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Initial share price: | $242.31
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Pricing date: | June 25
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Settlement date: | June 27
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.5%
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Cusip: | 90284M596
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