Published on 3/23/2022 in the Prospect News Structured Products Daily.
New Issue: UBS prices $230,000 return optimization securities on United Airlines
New York, March 23 – UBS AG, London Branch priced $230,000 of return optimization securities due March 25, 2027 linked to the common stock of United Airlines Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If United Airlines stock closes at or above the initial price, the payout at maturity will be par plus five times any gain in common stock of United Airlines capped at 122.19%.
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 stock: | United Airlines Holdings, Inc. (Nasdaq: UAL)
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Amount: | $230,000
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Maturity: | March 25, 2027
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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 United Airlines, capped at 122.19%; otherwise, exposure to any losses
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Initial share price: | $42.20
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Pricing date: | March 22
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Settlement date: | March 24
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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: | 90303H545
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