Published on 5/16/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $130,000 trigger return optimization securities linked to Amazon
New York, May 16 – UBS AG, London Branch priced $130,000 of trigger return optimization securities due May 15, 2025 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Amazon.com stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of Amazon.com capped at 41.75%.
Investors will receive par if the stock declines but finishes above the 90% 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. (Nasdaq: AMZN)
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Amount: | $130,000
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Maturity: | May 15, 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 gain in common stock of Amazon.com, capped at 41.75%; par if stock declines but finishes above the trigger level; otherwise, exposure to any losses
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Initial share price: | $110.19
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Trigger level: | $99.17, 90% of initial price
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Pricing date: | May 10
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Settlement date: | May 12
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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: | 90286G100
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