Published on 4/8/2024 in the Prospect News Structured Products Daily.
New Issue: UBS prices $219,250 buffered return optimization securities on Dell
New York, April 8 – UBS AG, London Branch priced $219,250 of buffered return optimization securities due April 10, 2025 linked to Dell Technologies stock, according to a 424B2 filing with the Securities and Exchange Commission.
If Dell stock closes at or above its initial price, the payout at maturity will be par plus 1.25 times any gain, capped at par plus 38.08%.
If Dell stock declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
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: | Dell Technologies (NYSE: DELL)
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Amount: | $219,250
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Maturity: | April 10, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.25 times return of Dell stock, capped at 38.08%; par if stock declines by up to 10%; exposure to losses beyond 10%
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Initial share price: | $132.72
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Pricing date: | April 5
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Settlement date: | April 9
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2%
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Cusip: | 90307A348
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