Published on 4/20/2020 in the Prospect News Structured Products Daily.
New Issue: UBS prices $115,000 return optimization securities tied to Energy Select SPDR
New York, April 20 – UBS AG, London Branch priced $115,000 of return optimization securities due April 25, 2023 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 79.03%.
Investors will share in any losses.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Return optimization securities
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| Underlying ETF: | Energy Select Sector SPDR Fund
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| Amount: | $115,000
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| Maturity: | April 25, 2023
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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 79.03%; otherwise, exposure to any losses
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| Initial share price: | $32.89
|
| Pricing date: | April 20
|
| Settlement date: | April 22
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2.5%
|
| Cusip: | 90289G479
|
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