Published on 6/8/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $149,963 10.01% trigger yield optimization notes on Boeing
New York, June 8 – UBS AG, London Branch priced $149,963.9 of 10.01% trigger yield optimization notes due June 10, 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 $205.43, 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 60% 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
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Issue: | Trigger yield optimization notes
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Underlying stock: | Boeing Co. (NYSE: BA)
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Amount: | $149,963.9
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Maturity: | June 10, 2021
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Coupon: | 10.01%, payable monthly
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Price: | Par of $205.43
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Payout at maturity: | If final share price is less than trigger price, one Boeing share; otherwise, par
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Initial share price: | $205.43
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Trigger price: | $123.26, 60% of initial price
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Pricing date: | June 5
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Settlement date: | June 9
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.5%
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Cusip: | 90289L742
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