By Marisa Wong
Los Angeles, Sept. 14 – UBS AG, London Branch priced $273,000 of 0% trigger return optimization securities due Sept. 8, 2023 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes above the initial price, the payout at maturity will be par plus 5 times the ETF gain, capped at par plus 69.07%.
If the ETF finishes flat or falls by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the ETF.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Trigger return optimization securities
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| Underlying ETF: | VanEck Vectors Gold Miners ETF
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| Amount: | $273,000
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| Maturity: | Sept. 8, 2023
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Par plus 5 times any ETF gain, capped at par plus 69.07%; par if the ETF finishes flat or falls by up to 25%; otherwise, full exposure to losses
|
| Initial share price: | $40.86
|
| Trigger price: | $30.65, 75% of initial price
|
| Pricing date: | Sept. 4
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| Settlement date: | Sept. 9
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.5%
|
| Cusip: | 90281T669
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