Published on 5/16/2019 in the Prospect News Structured Products Daily.
New Issue: UBS sells $155,000 trigger performance securities on SPDR Dow ETF
By Sarah Lizee
Olympia, Wash., May 16 – UBS AG, London Branch priced $155,000 of 0% trigger performance securities due May 21, 2024 linked to the SPDR Dow Jones Industrial Average ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 136.237706% of any ETF gain.
If the ETF falls by up to the 60% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Securities LLC and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Trigger performance securities
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Underlying ETF: | SPDR Dow Jones Industrial Average ETF
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Amount: | $155,000
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Maturity date: | May 21, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If fund gains, par plus 136.237706% of return; if fund falls but not below 60% trigger level, par; otherwise, full exposure to any losses
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Initial level: | $259.16
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Trigger level: | $155.50, 60% of initial level
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Pricing date: | May 16
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Settlement date: | May 20
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Agent: | UBS Securities LLC and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90287T440
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