Published on 8/6/2021 in the Prospect News Structured Products Daily.
New Issue: UBS prices $5.53 million capped trigger securities on Energy Select Sector SPDR fund
By Wendy Van Sickle
Columbus, Ohio, Aug. 6 – UBS AG, London Branch priced $5.53 million of 0% capped trigger securities due June 9, 2023 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout will be par plus the return, capped at $15.10 per $10.00 note.
If the fund falls by up to 25%, the payout will be par.
If the fund falls by more than 25%, investors will be fully exposed to the decline of the fund.
UBS Financial Services Inc. is the agent with UBS Financial Services Inc. as selling agent.
Issuer: | UBS AG, London Branch
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Issue: | Capped trigger securities
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Underlying fund: | Energy Select Sector SPDR fund
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Amount: | $5,532,500
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Maturity: | June 9, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the fund return is positive, par plus the return, capped at $15.10 per $10.00 note; if the fund falls by up to 25%, par; if the fund falls by more than 25%, investors will be fully exposed to the decline of the fund
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Initial level: | $55.51
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Downside threshold: | $41.63, 75% of initial fund level
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Pricing date: | June 7
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Settlement date: | June 10
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Underwriter: | UBS Financial Services Inc. with UBS Financial Services Inc. as selling agent
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Fees: | 2%
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Cusip: | 90278Y812
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