Published on 7/27/2023 in the Prospect News Structured Products Daily.
New Issue: UBS prices $120,000 buffered return optimization securities on FedEx
New York, July 27 – UBS AG, London Branch priced $120,000 of buffered return optimization securities due Oct. 29, 2024 linked to FedEx Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
If FedEx stock closes at or above its initial price, the payout at maturity will be par plus 3.5 times any gain, capped at par plus 17.79%.
If FedEx stock declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
The agent is UBS Financial Services Inc. and UBS Investment Bank.
| Issuer: | UBS AG, London Branch
|
| Issue: | Buffered return optimization securities
|
| Underlying stock: | FedEx Corp. (NYSE: FDX)
|
| Amount: | $120,000
|
| Maturity: | Oct. 29, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 3.5 times return of FedEx stock, capped at 17.79%; par if stock declines by up to 10%; exposure to losses beyond 10%
|
| Initial share price: | $258.77
|
| Pricing date: | July 24
|
| Settlement date: | July 26
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 2%
|
| Cusip: | 90301X294
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
