Published on 8/12/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $110,000 trigger return optimization securities on Amazon
By Emma Trincal
New York, Aug. 12 – UBS AG, London Branch priced $110,000 of trigger return optimization securities due Feb. 15, 2024 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Amazon stock finishes at or above the initial price, the payout at maturity will be par plus five times any gain, subject to a maximum payout of par plus 29.13%.
Investors will receive par if the stock declines but finishes at or above the 75% trigger level and will share in any losses if it closes below the trigger level.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
Issuer: | UBS AG, London Branch
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Issue: | Trigger return optimization securities
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Underlying stock: | Amazon.com, Inc.
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Amount: | $110,000
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Maturity: | Feb. 15, 2024
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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 stock, capped at 29.13%; par if stock declines but finishes at or above the trigger level; otherwise, full exposure to decline in share price from initial share price
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Initial share price: | $142.69
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Trigger level: | $107.02, 75% of initial price
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Pricing date: | Aug. 10
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Settlement date: | Aug. 12
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 1%
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Cusip: | 90303Q768
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