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 5/30/2018 in the Prospect News Structured Products Daily.

New Issue: UBS prices $100,000 return optimization securities on Alibaba Group

New York, May 30 – UBS AG, London Branch priced $100,000 of return optimization securities due June 4, 2019 linked to the American depositary receipts of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

If Alibaba Group stock closes at or above the initial price, the payout at maturity will be par plus three times any gain in American depositary receipts of Alibaba Group capped at 23.57%.

Investors will share in any losses.

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

Issuer:UBS AG, London Branch
Issue:Return optimization securities
Underlying stock:Alibaba Group Holding Ltd. (NYSE: BABA)
Amount:$100,000
Maturity:June 4, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus three times any gain in American depositary receipts of Alibaba Group, capped at 23.57%; otherwise, exposure to any losses
Initial share price:$197.98
Pricing date:May 30
Settlement date:June 1
Underwriters:UBS Financial Services Inc. and UBS Investment Bank
Fees:2%
Cusip:90284J197

© 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.