Published on 8/30/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.23 million capped gears linked to basket of 10 stocks
By William Gullotti
Buffalo, N.Y., Aug. 30 – UBS AG, London Branch priced $1.23 million of 0% capped gears due Sept. 29, 2022 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The stocks are Caterpillar Inc., Celsius Holdings, Inc., Estee Lauder Cos. Inc., Expedia Group, Inc., Facebook, Inc., Fiserv, Inc., Alphabet Inc., McKesson Corp., Sketchers U.S.A., Inc. and ZipRecruiter, Inc.
If the basket return is greater than zero, the payout at maturity will be par plus three times the basket return, subject to a maximum return of 22%. If the basket return is negative, investors will have one-to-one exposure to the decline.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
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| Issue: | Capped gears
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| Underlying stocks: | Caterpillar Inc., Celsius Holdings, Inc., Estee Lauder Cos. Inc., Expedia Group, Inc., Facebook, Inc., Fiserv, Inc., Alphabet Inc., McKesson Corp., Sketchers U.S.A., Inc., ZipRecruiter, Inc.; equally weighted
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| Amount: | $1,230,000
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| Maturity: | Sept. 29, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is greater than zero, par plus three times basket return, subject to 22% maximum return; one-to-one exposure to any basket decline
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| Initial levels: | $212.59 for Caterpillar, $72.36 for Celsius, $337.60 for Estee Lauder, $146.63 for Expedia, $365.51 for Facebook, $118.62 for Fiserv, $2,847.97 for Alphabet, $200.41 for McKesson, $51.18 for Sketchers, $25.61 for ZipRecruiter
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| Pricing date: | Aug. 24
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| Settlement date: | Aug. 27
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| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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| Fees: | 1.25%
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| Cusip: | 90279DES1
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