Published on 9/15/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $140,000 buffered return optimization securities linked to UBER Technologies
New York, Sept. 15 – UBS AG, London Branch priced $140,000 of buffered return optimization securities due Sept. 20, 2022 linked to UBER Technologies, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
If UBER Technologies stock closes at or above its initial price, the payout at maturity will be par plus two times any gain, capped at par plus 33.06%.
If UBER Technologies stock declines by up to 25%, the payout will be par. Investors will be exposed to any losses beyond 25%.
The agent is UBS Financial Services Inc. and UBS Investment Bank.
Issuer: | UBS AG, London Branch
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Issue: | Buffered return optimization securities
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Underlying stock: | UBER Technologies, Inc. (NYSE: UBER)
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Amount: | $140,000
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Maturity: | Sept. 20, 2022
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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 return of UBER Technologies stock, capped at 33.06%; par if stock declines by up to 25%; exposure to losses beyond 25%
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Initial share price: | $37.47
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Pricing date: | Sept. 15
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Settlement date: | Sept. 17
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90281V433
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