Published on 12/23/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $480,000 return optimization securities linked to Boeing
New York, Dec. 23 – UBS AG, London Branch priced $480,000 of return optimization securities due Dec. 28, 2023 linked to the common stock of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
If Boeing stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Boeing capped at 63.5%.
Investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Return optimization securities
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Underlying stock: | Boeing Co. (NYSE: BA)
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Amount: | $480,000
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Maturity: | Dec. 28, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus five times any gain in common stock of Boeing, capped at 63.5%; otherwise, exposure to any losses
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Initial share price: | $218.78
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Pricing date: | Dec. 22
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Settlement date: | Dec. 24
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1.75%
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Cusip: | 90282R399
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