Published on 3/26/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $499,942 16.59% trigger yield optimization notes on Boeing
New York, March 26 – UBS AG, London Branch priced $499,942.95 of 16.59% trigger yield optimization notes due March 31, 2021 linked to the common stock of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $180.55, which is equal to the initial share price of Boeing stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Boeing stock is less than 50% of the initial share price, in which case investors will receive one Boeing share per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
|
Issue: | Trigger yield optimization notes
|
Underlying stock: | Boeing Co. (NYSE: BA)
|
Amount: | $499,942.95
|
Maturity: | March 31, 2021
|
Coupon: | 16.59%, payable monthly
|
Price: | Par of $180.55
|
Payout at maturity: | If final share price is less than trigger price, one Boeing share; otherwise, par
|
Initial share price: | $180.55
|
Trigger price: | $90.28, 50% of initial price
|
Pricing date: | March 26
|
Settlement date: | March 30
|
Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
Fees: | 2%
|
Cusip: | 90289E573
|
|
|
© 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.