Published on 4/27/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $200,000 return optimization securities tied to Energy Select
New York, April 27 – UBS AG, London Branch priced $200,000 of return optimization securities due May 1, 2025 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF closes at or above the initial price, the payout at maturity will be par plus five times any gain in the ETF capped at 130.3%.
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 ETF: | Energy Select Sector SPDR Fund
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Amount: | $200,000
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Maturity: | May 1, 2025
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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 ETF gain, capped at 130.3%; otherwise, exposure to any losses
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Initial share price: | $35.37
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Pricing date: | April 27
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Settlement date: | April 29
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Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
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Fees: | 3.5%
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Cusip: | 90289H238
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