Published on 2/9/2022 in the Prospect News Structured Products Daily.
New Issue: UBS sells $5.92 million capped trigger gears on basket of 20 stocks
By Marisa Wong
Los Angeles, Feb. 9 – UBS AG, London Branch priced $5.92 million of 0% capped trigger gears due Jan. 31, 2025 linked to a basket of 20 equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the stocks of Accenture plc, Amazon.com, Inc., ASML Holding NV, Broadcom Inc., Bank of America Corp., Capital One Financial Corp., Meta Platforms, Inc., GoodRx Holdings, Inc., Alphabet Inc., HDFC Bank Ltd., ING Groep NV, Iqvia Holdings Inc., Intuitive Surgical, Inc., Linde plc, Mastercard Inc., Microsoft Corp., Netflix, Inc., PayPal Holdings, Inc., Sony Group Corp. and UnitedHealth Group Inc.
If the basket return is positive, the payout at maturity will be par plus 2 times the basket return, up to a maximum payout of par plus 30.3%.
If the basket declines but not by more than 25%, the payout will be par.
If the basket finishes below the 75% downside threshold, investors will lose 1% for every 1% that the basket declines from its initial level.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Capped trigger gears
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| Underlying stocks: | Accenture plc (Symbol: ACN), Amazon.com, Inc. (Symbol: AMZN), ASML Holding NV (Symbol: ASML), Broadcom Inc. (Symbol: AVGO), Bank of America Corp. (Symbol: BAC), Capital One Financial Corp. (Symbol: COF), Meta Platforms, Inc. (Symbol: FB), GoodRx Holdings, Inc. (Symbol: GDRX), Alphabet Inc. (Symbol: GOOG), HDFC Bank Ltd. (Symbol: HDB), ING Groep NV (Symbol: ING), Iqvia Holdings Inc. (Symbol: IQV), Intuitive Surgical, Inc. (Symbol: ISRG), Linde plc (Symbol: LIN), Mastercard Inc. (Symbol: MA), Microsoft Corp. (Symbol: MSFT), Netflix, Inc. (Symbol: NFLX), PayPal Holdings, Inc. (Symbol: PYPL), Sony Group Corp. (Symbol: SONY) and UnitedHealth Group Inc. (Symbol: UNH); equally weighted
|
| Amount: | $5,920,500
|
| Maturity: | Jan. 31, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the basket return is positive, par plus 2 times the basket gain, capped at par plus 30.3%; if the basket declines by up to 25%, par; if the basket finishes below the downside threshold, 1% loss for every 1% that the basket declines from its initial level
|
| Downside threshold: | 75% of initial basket level
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| Initial share prices: | $329.89 for Accenture, $2,777.45 for Amazon.com, $653.26 for ASML, $557.12 for Broadcom, $45.90 for BofA, $144.90 for Capital One, $294.63 for Meta, $22.46 for GoodRx, $2,584.80 for Alphabet, $65.99 for HDFC, $14.74 for ING, $232.64 for Iqvia, $264.46 for Intuitive, $308.93 for Linde, $344.66 for Mastercard Inc., $296.71 for Microsoft, $359.70 for Netflix, $156.98 for PayPal, $110.03 for Sony, $458.43 for UnitedHealth
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agents: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 2.5%
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| Cusip: | 90285D645
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