Published on 7/2/2021 in the Prospect News Structured Products Daily.
New Issue: UBS sells $1.9 million capped trigger gears on basket of five stocks
By Wendy Van Sickle
Columbus, Ohio, July 2 – UBS AG, London Branch priced $1.9 million of 0% capped trigger gears due Jan. 3, 2025 linked to a basket of five equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the stocks of Applied Materials, Inc., BorgWarner Inc., Celanese Corp., LyondellBasell Industries NV and Mosaic Co.
If the basket return is positive, the payout at maturity will be par plus 1.55 times the basket return, up to a maximum payout of par plus 50%.
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
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Issue: | Capped trigger gears
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Underlying stocks: | Applied Materials, Inc., BorgWarner Inc., Celanese Corp., LyondellBasell Industries NV and Mosaic Co.; equally weighted
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Amount: | $1.9 million
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Maturity: | Jan. 3, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the basket return is positive, par plus 1.55 times the basket gain, capped at par plus 50%; 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
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Downside threshold: | 75% of initial basket level
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Initial share prices: | $140.99 for Applied Materials, $47.92 for BorgWarner, $148.35 for Celanese, $101.69 for LyondellBasell, $30.43 for Mosaic
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Pricing date: | June 28
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Settlement date: | June 30
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Agents: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 2.85%
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Cusip: | 90276BX57
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