Published on 12/2/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $100,000 airbag yield optimization notes on Tesla
By Kiku Steinfeld
Chicago, Dec. 2 – UBS AG, London Branch priced $100,000 of 7.16% annualized airbag yield optimization notes due May 24, 2021 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the final share price is less than the 65% conversion price, in which case investors will lose 1.5385% for every 1% that the stock declines beyond 35%.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
Issuer: | UBS AG, London Branch
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Issue: | Airbag yield optimization notes
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Underlying stock: | Tesla, Inc.
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Amount: | $100,000
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Maturity: | May 24, 2021
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Coupon: | 7.16% annualized, payable monthly
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Price: | Par
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Payout at maturity: | Par unless the final share price is less than the conversion price, in which case investors will lose 1.5385% for every 1% that the stock declines beyond 35%
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Initial share price: | $499.27
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Conversion price: | $324.53, 65% of initial price
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Pricing date: | Nov. 19
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Settlement date: | Nov. 23
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90282H268
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